### Compound interest

Question Sample Titled 'Compound interest'

A sum of $6000$ is deposited for ${4}$ years at an interest rate of ${8}\%$ per annum, compounded monthly. Find the interest coorect to the nearest $0.1$ .

A
$2254.0$
B
$8254.0$
C
$2162.9$
D
$161.6$

Initiating...

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