What sum of money will amount to 11025 in 2 years at 5% per annum

Question

Nikozuru Nov 23, 2020

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485 cents

Answer:

Sum = 110250

Simple interest = (P x R x T) / 100

11025 = ( P x 5 x 2) / 100

11025 = P / 10

P = 110250

299

Marchetti Margherita

Nov 23, 2020

What sum of money will amount to 11025 in 2 years at 5% per annum​