Answer:
2508
Step-by-step explanation:
We are given that
Principal ,P=2200
Rate of interest, r=7%
Time, t=2 year
We have to find the final account balance after two years.
[tex]S.I=\frac{P\times r\times t}{100}[/tex]
Using the formula
[tex]S.I=\frac{2200\times 7\times 2}{100}=308[/tex]
Amount=P+S.I
Amount=2200+308
Amount=2508
Hence, the final account balance after two years=2508
