(a) Ahamed invested an amount of $2000 at the rate of 5% per annum for 2 years. Find the compound interest when interest is comp
ounded annually.
1 answer:
Answer:
The the compound ineterest is $2205
Step-by-step explanation:
5/100 * 2000 = 100
2000 + 100 = 2100
5/100 * 2100 = 105
2100 + 105 = 2205
Hence the the compound ineterest is $2205
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