Respuesta :

Answer:

Step-by-step explanation:

Use the compounding formula :

FV = PV ( 1+i)^n

FV = ?

PV =  $12000

i = decimal interest per period  = .08

n = periods = 5

FV = $ 12 000 ( 1 + .08)^5 = $ 17631.94

   then subtract  PV to find the interest = $ 5631.94

Otras preguntas