Question

Write an expression to find the amount if the principal P is invested for two
years and the interest is compounded monthly, at a rate of r% per annum .
please give full solution​

Answer 1

Answer:

This is the correct answer

Step-by-step explanation:

Amount=a

Principal=p

rate per month=

$\frac{r}{12}$

n= period=2*12=24

$a = p(1 + \frac{r}{100 \times 12})^{24}$

If you find this answer useful mark me as brainliest.