Mathematics · Compound Interest

Find the compound interest on ’8,000 at 12% per annum for 3 years 4 months, compounded annually.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1’3,000
2’4,000
3’3,689✓
4’3,600

Correct answer

’3,689

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Find the compound interest on ’8,000 at 12% per annum for 3 years 4 months, compounded annually.

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Find the compound interest on ’8,000 at 12% per annum for 3 years 4 months, compounded annually.

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