How much interest will $2,400 earn at an annual rate of 8% in one year if the interest is compounded every 4 months?

How much interest will $2,400 earn at an annual rate of 8% in one year if the interest is compounded every 4 months?
A. $141
B. $150
C. $197
D. $234
E. $312

Download Printable PDF. VALID exam to help you PASS.

Leave a Reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.