Answer:
Step-by-step explanation:
Compoud interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. the formula is:
[tex]c_n=c_o(1+i)^n\\\\c_o->initial~invesment\\i->interest\\n->number~of~ intervals[/tex]
[tex]c_5=8000(1+\frac{10}{100})^5\\c_5=12848.88[/tex]
