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How much interest will $2,000 earn at an annual rate of 8% in one year if the interest is compound every half a year?

How much interest will $2,000 earn at an annual rate of 8% in one year if the interest is compound every half a year?
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2 votes
How much interest will $2,000 earn at an annual rate of 8% in one year if the interest is compound every half a year?

User Krupal Shah
by
8.2k points

2 Answers

6 votes

Answer:

160

Explanation:

User Samuel Terra
by
8.2k points
1 vote

Answer:

the yearly interest would be 160.00

Explanation:

User Harry Jarman
by
7.8k points
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