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  • 14-02-2017
  • Mathematics
Answered

Principal, $2000; Annual interest rate, 5.4%; time, 2 years; The balance after 2 years is?

Verified Answer :

Anonymous Anonymous
  • 14-02-2017

P = $2000
R = 5.4%
T = 2 yrs

Interest = PTR/100 = 2000*2*5.4/100 = $216
Balance = $2000 + $216 = $2216

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