Answer:
Compound Interest= $3440
Final Amount= $5440
Step-by-step explanation:
Compound Interest's formula= P(1+r/100)^n
where P is Principal, r is Rate then n is Years
So in this case,,2000(1+.72)^1 = $3440
Hence, Total Amount = Principal+Interest
therefore T.A= $2000+$3440
T.A=$5440
Thanks... Subjected to Review
