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7 votes
7 votes
Find the compound interest on $1500 for 2years at 2%per annum compounded anually

User Samuel Kerrien
by
3.3k points

1 Answer

24 votes
24 votes

Answer:

$1560.60

Explanation:

PV (1+V)^n

= 1500 (1+2%)² = 1560.6

User Bogdan Le
by
2.5k points