Let's begin by listing out the information given to us:
Principal (p) = $20,000
Interest rate (r) = 5.2% = 0.052
Number of compounding (n) = 2 (semi annually)
Time (t) = 3 years
The total return is calculated as shown below:
A = p(1 + r/n)^nt
A = 20000(1 + 0.052/2)^2*3 = 20000(1 + 0.026)^6
A = 20000(1.1665) = 23,330
A = $23,330
Answer:
Step-by-step explanation:
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Answer
-26+4
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Answer:
240000000 times bigger.
If we solve 3x10^8 we get 300000000
Then if we solve for 6x10^7 we get 60000000
Subtract those two using long subtraction to evaluate and we get 240000000
