Justin invests $4,000 in a savings account for two years. The account pays 2% interest compounded annually. How much interest income will Justin earn on this investment?
A) $80.00
B) $81.60
C) $160.00
D) $161.60
Answer: D
Business
A) $80.00
B) $81.60
C) $160.00
D) $161.60
Answer: D