3 years ago

2 2 4 x 8 8 How do you solve it?

Mathematics

1 answer:

Naddik [55]3 years ago

6 0

Answer:

does the x means multiply or its a variable.. and is it really written that way?

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11000 is compounded semiannually at a rate of 12% for 21 years. Find the total amount in the compound interest account

marishachu [46]

$\bf ~~~~~~ \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\quad
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\dotfill &\$11000\\
r=rate\to 12\%\to \frac{12}{100}\dotfill &0.12\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{semiannually, thus twice}
\end{array}\dotfill &2\\
t=years\dotfill &21
\end{cases}$