Calculate the amount and compound interest on 8000 at 8% per annum for 2 years.

Question

Calculate the amount and compound interest on 8000 at 8% per annum for 2 years.

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Vivian 4 weeks 2021-08-13T16:24:40+00:00 2 Answers 0 views 0

Answers ( )

    0
    2021-08-13T16:26:05+00:00

    Answer:

    amount = 54,000.

    compound interest = 296

    Step-by-step explanation:

    8,000×8/108×2

    4,000×8/108

    32,000/108

    divided by 4

    8,000/27

    296 is compound interest and

    amount is 54,000

    8000×108/8×2

    4,000×108/8

    54,000

    0
    2021-08-13T16:26:28+00:00

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