Antonio invests 3000 at .10 interest compounded semianually for 12 years. Use the compound interest formula to calculate the com pound amount for his investment
1 answer:
Answer:
A=9675.299
Step-by-step explanation:
A=p(1+r)^t
A compound amount
P is the principle amount invested
r : rate ( semiannually is 0.5 )
t=years ( semiannually 12*2=24)
A=3000(1+0.10/2)^24
A=9675.299
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