the answer is 10,400. You multiply 8000 by .06 by 5 to get 2,400 which is the interest earned. you have to add 2,400 to 8,000 to find the compound interest which is 10,400
If I’m reading the question right you don’t get the interest until after 5 years. The question doesn’t say you will get 6% every year after 5 years. The way I figured it out was 8000x 6%=480 interest 8000+480=8480.
