alleryStart learning →P earns r% a year, compounded annually, with no transactions. Amount after 2 years?
AP(1 + r/100)²
BP(1 + 2r/100)
C2P(1 + r/100)
DP(r/100)²
Answer & Solution
Correct answer: A. P(1 + r/100)²
Each year multiplies the balance by 1 + r/100, so two years apply that factor twice.
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