on what sum will the compound interest for 2 years at 4% per annum
will amount to 132651
Answers
Answered by
1
Answer:
132651 = p (104/100*104/100)
132651= p (10816/1000)
Answered by
2
Answer:
Step-by-step explanation:
rate=4%
time=2 yrs
p=132651
compound interest=?
we know,
CI=P[1+r/100]^t-1
=13261[1.04-1]
=13261*0.04
=530.44
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