Find the compound interest (CI) on ₦15,700 for 2 years at 8% per annum compounded annually.
a
₦6,212.48
b
₦2,834.48
c
₦18,312.48
d
₦2,612.48
Explanation
Correct Option
dVideo Explanation
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Find the compound interest (CI) on ₦15,700 for 2 years at 8% per annum compounded annually.
₦6,212.48
₦2,834.48
₦18,312.48
₦2,612.48
