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maxonik [38]
3 years ago
12

Find the value and the compound interest if £4000 is invested for 2 years at 36% p.a.

Mathematics
2 answers:
kati45 [8]3 years ago
5 0

Step-by-step explanation:

intrest =  \frac{prt}{100}  \\  \frac{4000 \times 36 \times 2}{100}  \\  =  \frac{288000}{100}  \\  = 2880. \\ finala \: mount = 2880 + 4000 = 6880.

Andrei [34K]3 years ago
4 0
  • Principal=P=4000
  • Time=T=2years
  • Rate of interest =R=36

Interest be I

\\ \sf\longmapsto  I=\dfrac{PRT}{100}

\\ \sf\longmapsto  I=\dfrac{4000(2)(36)}{100}

\\ \sf\longmapsto  I=\dfrac{288000}{100}

\\ \sf\longmapsto  I=2880

Now

Final value=4000+2880=6880

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