Question

Please help! 25 points! Compound intrest!!!

Latrice invested $500 at 8% interest compounded annually.? ?
How much interest does she earn in 2 years?



$83.20


$80.00


$508.00


$408.00

Answer 1

The answer is actually $80.00, I just took the test.

Answer 2

80$

Explanation:

The interest rate is 8% which is .08

500x.08=$40

40x2= $80