Answer:
31
Step-by-step explanation:
An entire amount is 100% of the amount.
50% is half of 100%, so 50% means the same as half.
Half of 62 is the same as 62/2 = 31
Answer: 31
Answer:
Take a look at my notes. I hope this helps.
Answer:
$2,753.79
Step-by-step explanation:
Compound Interest Formula

where:
- A = final amount
- P = principal amount
- r = interest rate (in decimal form)
- n = number of times interest applied per time period
- t = number of time periods elapsed
Given:
- P = $2,000
- r = 3.25% = 0.0325
- n = 1
- t = 10
Substitute the given values into the formula and solve for A:



Therefore, the value of the investment after 10 years will be $2,753.79 to the nearest cent.