CIMA Fundamentals of Business Economics BA1 Question # 96 Topic 10 Discussion

CIMA Fundamentals of Business Economics BA1 Question # 96 Topic 10 Discussion

BA1 Exam Topic 10 Question 96 Discussion:
Question #: 96
Topic #: 10

An institution offers an 8 percent compound interest rate annually for six years, for an investment of S250,000 What is the total amount of interest that would be received over the six years'?


A.

$370,000.00


B.

$396718.58


C.

$146,718.58


D.

$120.000 00


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