if P= 2000, r= 5% p.a., n=2 yrs , then find the amount when interest is compounded anually.
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Answered by
1
Answer:
The answer will be 200
Step-by-step explanation:
Hope it helps you
imtiyazthebest:
205
Answered by
3
compound interest = P[1+R/100] power n
2000[1+5/100]²
2000[105/100]²
2000[105/100×105/100]
2000[21/20×21/20]
5×21×21
2205 is the answee
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