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22 October, 07:51

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

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Answers (2)
  1. 22 October, 08:02
    0
    The compound interest is A because when you multiply 0.08 by 500 your answer will be 40.00
  2. 22 October, 09:43
    0
    A. is the correct answer
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