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Mrac [35]
2 years ago
14

Charity invests $1891 into a savings account. The account will accrue 9% interest to be compounded semiannually. Provided she ma

kes no
additional deposits or withdrawals, how much money will be in her account after 21 years?
a. $11,960.90 b. $12,010,90
c. $12,005.90 d. $11.985.90
Mathematics
1 answer:
Norma-Jean [14]2 years ago
8 0

Answer:

B) 12,010.9

Step-by-step explanation:

Set up an equation:

A=1891(1+\frac{0.09}{2})^{2*21}

Solve:

A=1891(1.045)^{42}

A=12010.90488

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