Question

P=200 r=20 t=2 years find compound interest

Answer 1

Answer:

$ci = p(1 + i)^{n} \\ p = 200 \: \: r = 0.2 \: \: t = 2 \\ ci = 200(1 + 0.2) ^{2} \\ 200(1.2) ^{2} \\ 200 \times 1.44 \\ 288 \\ p = 200 \: \: \: a = 288 \: \: \: ci = 88$