1.

amount he Has tu pu)4/Find the compound interest on6400 for 2 years at 5 % per annum2Tf tho nato of

Answer»

A = 6400(1 + 0.05)(1+0.05) = 6400(1.05)(1.05) = 7056 I = A - P = 7056 - 6400 = 656

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