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valentina_108 [34]
3 years ago
13

How much interest would an account earn if 3,000 is invested at an interest rate of 4.8% compounded semiannually for 2 years

Mathematics
1 answer:
Dafna11 [192]3 years ago
5 0
(See attached graphic)
Total = 3,000 * (1 + .048/2)^2*2
Total = 3,000 * (1.024)^4
Total = 3,000 * <span> <span> <span> 1.0995116278 </span> </span> </span>
Total = <span> <span> <span> 3,298.53</span>
</span> </span>





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