Question

find the compound interest on 200000 for 2 year at 5% annual rate of interest of interest​

Answer 1

Answer:

20,500

Step-by-step explanation:

Rate=5% time=2 years

Amount=P(1+r/100)^2

=200000×105/100×105/100

=20×105×105

=20×11025

=220500

Compound Interest =A-P

=220500-200000=20500