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Simple interest 400 + (4 x 5 x 8) = 400 + 160 = 560;

Compound interest 400 x 1.085 = 400 x 1.47* = 588.

*Actually the multiplier is 1 .469

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12y ago
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Q: What is 400 with a rate of 8 percent for 5 years?
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