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Calculate the compound interest on $6 000 if invested for 3 years at 7.5% per annum. multiple choice answers: $6000 $7453.78 $1453.78 $7534.87​

Calculate the compound interest on $6 000 if invested for 3 years at 7.5% per annum. multiple choice answers: $6000 $7453.78 $1453.78 $7534.87​
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Calculate the compound interest on $6 000 if invested for 3 years at 7.5% per annum.

multiple choice answers:
$6000 $7453.78 $1453.78 $7534.87​

asked
User FluepkeSchaeng
by
7.4k points

1 Answer

10 votes
Your answer is B, $7453.80

Attached is the compound growth formula I used.
Calculate the compound interest on $6 000 if invested for 3 years at 7.5% per annum-example-1
answered
User Niquan
by
8.6k points
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