The value of the investment after 2 years is K2400.00
The given parameters are:
Principal, P = K2,000.00
Rate, r = 10%
Time, t = 2 years
The value is then calculated as:
Amount = P + PRT
So, we have:
Amount = 2000 + 2000 * 10% * 2
Evaluate
Amount = 2400
Hence, the value of the investment after 2 years is K2400.00
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