Asked by Sandhya
$20000 amount to $ 24200 in two years under compound interest compounded annually
Answers
Answered by
Reiny
2000(1+i)^2 = 24200
(1+i)^2 = 1.21
take √ of both sides, etc
(1+i)^2 = 1.21
take √ of both sides, etc
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