Question

Find the compound interest on GHS 50,200 invested at 13% p.a. compounded annually for 3 years ( to the nearest

Answer 1

Answer:

D

Step-by-step explanation:

First found amount yielded

A = P(1+r)^nt

P is amount deposited 50,200

r is interest rate 13% = 13/100 = 0.13

t = 3

A = 50,200(1+0.13)^3

A = 50,200(1,13)^3

A = 72,433.42939999998

A is approximately 72,433.43

interest = A - P = 72,433.43-50,200 = 22,233.43= 22,233 to the nearest GHS

Answer 2

Answer:

i stole this fro my sis who is this

Step-by-step explanation: