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Nookie1986 [14]
3 years ago
11

Isamasonip invested $2.000 in

Mathematics
1 answer:
alexgriva [62]3 years ago
7 0

Answer:

Compound Interest= $3440

Final Amount= $5440

Step-by-step explanation:

Compound Interest's formula= P(1+r/100)^n

where P is Principal, r is Rate then n is Years

So in this case,,2000(1+.72)^1 = $3440

Hence, Total Amount = Principal+Interest

therefore T.A= $2000+$3440

T.A=$5440

Thanks... Subjected to Review

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Hope this helped!!

-----------


DISCLAIMER: I am not a professional tutor or have any professional background in your subject. Please do not copy my work down, as that will only make things harder for you in the long run. Take the time to really understand this, and it'll make future problems easier. I am human, and may make mistakes, despite my best efforts. Again, I possess no professional background in your subject, so anything you do with my help will be your responsibility. Thank you for reading this, and have a wonderful day/night!
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