Ask Question
6 November, 09:19

The interest on 6000 at 6% compounded semiannually for eight years is?

+2
Answers (2)
  1. 6 November, 10:20
    0
    It will be $3,628.20.
  2. 6 November, 13:09
    0
    Using the formula

    I = P x R x T

    100

    where

    I is interest

    P is principal

    R is rate

    T is time in years

    I = 6000 x 6 x 8

    100

    I = 2880

    when compounded semi anually the interest will be multiplied by 2

    2880 x 2

    5760 is the answer
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The interest on 6000 at 6% compounded semiannually for eight years is? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers