The interest on 6000 at 6% compounded semiannually for eight years is?

Using the formula

I = P x R x T

100

where

I is interest

P is principal

R is rate

T is time in years

I = 6000 x 6 x 8

100

I = 2880

when compounded semi anually the interest will be multiplied by 2

2880 x 2

5760 is the answer

It will be $3,628.20.