Find the interest on #40000 for 2years at 2% per annum compound interest
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Answered by
0
Step-by-step explanation:
p=40000,n=2,r=2
A=p(1+r/100)^n
A=40000(1+2/100)^2
A=40000(102/100)^2
A=40000*102/100*102/100
A=4*102*102
A=41616
I=A-P
I=41616-40000
I=1616
Answered by
3
Answer:
this is your answer
Step-by-step explanation:
Amount=p -sl
=40000 - 1600
=38400
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