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Y_Kistochka [10]
3 years ago
7

The principal $3000 is accumulated with 3% interest, compounded semiannually for 6 years.

Mathematics
1 answer:
timurjin [86]3 years ago
7 0
The formula is
A=p (1+r/k)^kt
A accumulated amount?
P principle 3000
R interest rate 0.03
K compounded semiannually 2
T time 6 years
A=3,000×(1+0.03÷2)^(2×6)
A=3,586.85
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