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
No member explanations yet for this option.
B
3456
No member explanations yet for this option.
C
4567
No member explanations yet for this option.
D
7890
No member explanations yet for this option.