How to calculate compound interest?

We borrowed $1000 money with an annual interest 10%. If we do not pay any penalty in 2 years then how much we owe the money? Answer must be assign in a variable called debt .

Answers (1)

It sounds like this is a copy paste of an assignment but ok
P = 1000; % principle
r=0.1; n=2;
debt = P*(1+r)^n

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Thank you for the help. The question confused me for a second.

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Asked:

on 30 Jul 2020

Commented:

on 9 Feb 2024

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