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Find the compound interest on $10,000 for 2 years at 6% pa

Find the compound interest on $10,000 for 2 years at 6% pa
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1 vote
Find the compound interest on $10,000 for 2 years at 6% pa

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User TomSW
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1 Answer

6 votes
The compound interest is 11,236 for two years.

The equation is y= 10,000(1.06)(1.06)
answered
User VisualStudioEspresso
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8.9k points
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