The amount in the account after the given time if compounded semiannually to the nearest cent is $1104.2
<h3>Compound interest </h3>
Interest is any amount added on a sum of money over a period of time. The formula for calculating the compound interest is:
A = P(1+r/n)^nt
Given
Principal = $1000
rate r = 5% = 0.05
time = 3years
n = 2 (semi annually)
Substitute the given parameters
A = 1000(1 + 0.05/3)^3(2)
A= 1000(1.1042)
A = $1104.2
Hence the amount in the account after the given time if compounded semianually to the nearest cent is $1104.20
Learn more on compound interest here: brainly.com/question/24924853
#SPJ1
Y= 3x+3 is the correct answer:)
Answer:
36 cm
Step-by-step explanation:
Because the plant is growing the same amount each week you would take 12(3) and get 36 cm at the end of the 12 weeks.
Answer:
After tax interest expenses = Interest expenses x (100 - Tax Rate)
= 70000 x (100 - 30)%
= 70000 x 70%
= $49,000.00
Step-by-step explanation:
Answer:
I think its A
Step-by-step explanation:
I did the math and thats what i got even rounded up
