Question

What is the compounded annual interest for a loan amount of
800000 at 10% per annum for a period of 2 year

Answer 1

Answer:

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Answer 2

Step-by-step explanation:

A = P (1 + r/n) ^ t

800000×110/100×110/100

8000×11×11

8000×121

968000

I = A - P

968000-800000

168000