Plato math algebra 2
2 answers:
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Yeah Imao you usually do these type of questions on a calculator but I've tried writing it on a calculator and it keeps on saying "error" so I'm gonna guess the question is wrong or sth
but if you type out the question without the bracket before the 12 you'll get 6.63
anyway hope this helps- have a good day bro cya)
Answer:
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
First, change 6% into a decimal:
6% -> -> 0.06
Since the interest is compounded semi-annually, we will use 2 for n. Lets plug in the values now and your equation will be: