Find the interest on naira 40000.00 for 2 years at 20% per annum compound interest. Please I need the answer ASAP

Given:

Principal value = 40000

Rate of compounded interest = 20%

Time = 2 years

To find:

The interest.

Solution:

Formula for amount is

Where, P is principal, r is rate of interest and t is time in years.

Putting the given values, we get

Now, the formula for interest is

Therefore, the amount of compound interest is 17,600.

glide reflection.

its mainly because the pattern will be infinite and will never end. it will look like a gilder or like a filpbook when set to motion.

answer: what do you mean