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27 March, 14:47

Principal, $2000; Annual interest rate, 5.4%; time, 2 years; The balance after 2 years is?

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  1. 27 March, 15:06
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    P = $2000

    R = 5.4%

    T = 2 yrs

    Interest = PTR/100 = 2000*2*5.4/100 = $216

    Balance = $2000 + $216 = $2216
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