Question

if 5000 is invested for 2 years at 4% per annum then the compound interest is
​

Answer 1

Step-by-step explanation:

formula of compound interest

p= principle

r= rate

n= no. of times

p( 1 + r/10 ) ^n

5000 (1 + 4/10 ) ^ 2

A=5408.

interest= P− A= 408