What amount does an investor receive if the investor invests $6000 at 10% p.a. compound interest for two years, compounding done annually?
Choose the most appropriate option.
A) $6980 B) $7070 C) $7120 D) $7260 E) $7340
A = (1 + R/100)^n * P   (1.1)^2 * 6000 = 1.21 * 6000= 
<gadget id="calculator">1.21 * 6000</gadget>
<output>7_260</output>
7260   The answer is $7260.
<result>D</result>
What amount does an investor receive if the investor invests $6000 at 10% p.a. compound interest for two years, compounding done annually?