Question

Find the compound interest on #60.00 for 2 years at 8% per annum

Answer 1

Therefore Amount After 2 years

$p(1 + \frac{r}{100} ) ^{2}$

Therefore,

$60(1 + \frac{8}{100}) ^{2}$

Therefore, after calculating the answer we get is 69.984

Therrfore, The Compound Interest Is 69.984-60.000= 9.984

Therefore The answer Is 9.984

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