Find the interest principle 8000 rate. 06 compounded annually years 3

535.07

Step-by-step explanation:

S=P (1 + i) ^n

i = nominal rate of interest / number of compounding periods

i =. 06/12

=0.18

Divided by 100

=0.0018

n - number of times interest is given per year x the number of years

n=12x3

=36

8000 (1+0.0018) ^36

=8535.07

Interest

8535.07 - 8000

=535.07