Question

find compound interest when the amount is 4200 and rate is 10% and time is 2 years​

Answer 1

Answer:

The compound interest: $ 5,082

Explanation:

CI = P.(1+$\frac{R}{100}$) ^ t

CI = 4200.(1+$\frac{10}{100}$) ^ 2

CI = 4200.(1,1)^2

CI = 4200.1,21

CI = 5082