Question

Compound Interest: Hannah is putting 10,000 dollars in the bank for 5 years at 6% p.a every 6 months what is her Final Balance?

Answer 1

I think you can solve it by doing this: 

10(10,000+0.06)= Final Balance 

6 months + 6 months = 1 year

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
    She has to pay twice a year 


Now that we know that just multiply 2 by 5 and you get 10. 10(10,000+0.06)= Final Balance 

So it should be 100000.6

Not sure if that's right so ask someone to check