Question

Find the sum to which ₦14,300 amounts in 2 years at 5.1% per annum compound interest. Note: p= 14,300 t=2yrs r=5.1% = 5.1/100 = 0.051

Answer 1

P=14300

R=5.1%=5.1/100=0.051

T=2 years

ANSWER

PRT

=14300×0.051×2

=1458.6

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