Question

Find the compound interest payable on 1600 at 6% per annum at the end of 2 years,

compounded annually.​

Answer 1

Step-by-step explanation:

CI= p(1+i)^n

i=r/100

CI = 1600(1+0.06)^2=1797.76

A = CI-P

= 1797.76-1600=197.76

I think it is an answer..