Question

Little Miss Buffet takes all the money from her piggy bank and puts it into a savings account at her local bank. The bank promises an annual interest rate of 3% on the balance, compounded semiannually. How much will she have after one year if her initial deposit was $400?
$529.00


$412.17 <<<<


$2,500.00


412.09

That's what I got? Wrong or right?

Answer 1

I am pretty sure that you are correct.