What will be the compound interest on $8000 at an interest rate of 8% per annum

Practice Questions

Q1
What will be the compound interest on $8000 at an interest rate of 8% per annum for 3 years?
  1. $2000.00
  2. $2005.12
  3. $2040.00
  4. $2050.00

Questions & Step-by-Step Solutions

What will be the compound interest on $8000 at an interest rate of 8% per annum for 3 years?
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