Ask Question
5 November, 22:35

What is the compound interest on $500 at an 8% annual rate compounded annually for two years?

A. $40.00

B. $80.00

C. $83.20

D. $84.32

+1
Answers (2)
  1. 6 November, 00:01
    0
    The compound interest is A because when you multiply 0.08 by 500 your answer will be 40.00
  2. 6 November, 02:05
    0
    A. is the correct answer
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is the compound interest on $500 at an 8% annual rate compounded annually for two years? A. $40.00 B. $80.00 C. $83.20 D. $84.32 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers