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Mathematics Medium
Question

An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?

A
7401.22
✓ Official correct answer
B
3456
C
4567
D
7890

Community credibility

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A
7401.22
Official option

No member explanations yet for this option.

B
3456
Official option

No member explanations yet for this option.

C
4567
Official option

No member explanations yet for this option.

D
7890
Official option

No member explanations yet for this option.

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