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A principal of $5000 is invested at a compound interest rate of 8% per annum. Wh

Practice Questions

Q1
A principal of $5000 is invested at a compound interest rate of 8% per annum. What will be the total amount after 3 years?
  1. $6300.00
  2. $5920.00
  3. $5832.00
  4. $6000.00

Questions & Step-by-Step Solutions

A principal of $5000 is invested at a compound interest rate of 8% per annum. What will be the total amount after 3 years?
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