Answer:
- The total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.
- The total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.
Step-by-step explanation:
a) How much will you have at the middle of the first year?
Using the formula

where
Given:
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 0.5 years
To determine:
Total amount = A = ?
Using the formula

substituting the values



$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.
Part b) How much at the end of one year?
Using the formula

where
Given:
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 1 years
To determine:
Total amount = A = ?
so using the formula

so substituting the values


$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.
Answer:
<h2>The product of two consecutive integers:</h2><h2>x · (x+1) = x(x + 1)</h2>
Step-by-step explanation:
Consecutive integer:
... -2, -1, 0, 1, 2, 3, ...
Difference between two consecutive integers is equal to 1.
Therefore two consecutive integers is x and x + 1.
no question to answer
Step-by-step explanation:
Answer:
C.H. Weaver M.D. updated 10/2020 What is the Carcinogenicity antigen (CEA)? CEA is an antigen (small protein) that is found on the surface of many types of cancer cells and high levels of CEA can be detected in the blood of some patients with cancer and the developing fetus.
Step-by-step explanation: