Respuesta :

fieryanswererft

Answer:

total amount will be 2200 naira after two years.

Step-by-step explanation:

[tex]total \ amount = P (1 + rt)[/tex] ...make sure time is in years and rate in percentage.

using the formula:

[tex]200(1+5*2)[/tex]

[tex]200(11)[/tex]

[tex]2200[/tex]

Here "P" is principal, "r" is rate of interest and "t" is time in years.
  • Principal=P=200
  • Rate of interest=R=5%
  • Time=2years=T
  • Interest be I

[tex]\\ \rm\Rrightarrow I=\dfrac{PRT}{100}=\dfrac{200(5)(2)}{100}={20}[/tex]

Total:-200+20=220

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