Each of the walls in Harvey’s shed are square and have an area of 84 square feet. What is the approximate height, to the nearest
2 answers:
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Answer:
Step-by-step explanation:
Since interest is compounded semi-annually (half a year or 6 months), in a spawn of 2 years, the interest will have been compounded 4 times. As given in the problem, each time the interest is compounded, the new balance will be 107% or 1.07 times the amount of the old balance.
Therefore, we can set up the following equation to find the new balance after 2 years: