What will be the compound interest on $8000 at a rate of 5% per annum for 2 year

Practice Questions

Q1
What will be the compound interest on $8000 at a rate of 5% per annum for 2 years?
  1. $816.00
  2. $800.00
  3. $850.00
  4. $900.00

Questions & Step-by-Step Solutions

What will be the compound interest on $8000 at a rate of 5% per annum for 2 years?
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