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How much interest is earned on R9 000 invested for five years at 8 percent per annum and compounded annually?

Anonymous

∙ 14y ago

Updated: 10/18/2022

For compound interest F = P*(1 + i)^n. Where P is the Present Value, i is the interest rate per compounding period, and n is the number of periods, and F is the Future Value.

F = (9000)*(1 + .08)^5 = 13223.95 and the amount of interest earned is 13223.95 - 9000 = 4223.95

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∙ 14y ago

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How much interest is earned on R9 000 invested for five years at 8 percent per annum and compounded annually?

What else can I help you with?

150 if invested for three years at a 9 percent interest rate?

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