Answer:
![\$13,107.96](https://tex.z-dn.net/?f=%5C%2413%2C107.96)
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:
![\text{New balanace}=10,000\text{ (old balance)}\cdot 1.07\cdot 1.07\cdot 1.07\cdot 1.07,\\\text{New balanace}=10,000\cdot 1.07^4=\boxed{\$13,107.96}](https://tex.z-dn.net/?f=%5Ctext%7BNew%20balanace%7D%3D10%2C000%5Ctext%7B%20%28old%20balance%29%7D%5Ccdot%201.07%5Ccdot%201.07%5Ccdot%201.07%5Ccdot%201.07%2C%5C%5C%5Ctext%7BNew%20balanace%7D%3D10%2C000%5Ccdot%201.07%5E4%3D%5Cboxed%7B%5C%2413%2C107.96%7D)
Answer:
It decreased in value by $15 a year.
Step-by-step explanation:
I put it in the form of an equation and solved from there.
120/8=x
Answer:
A and B
Step-by-step explanation:
Answer:
192
Step-by-step explanation:
4(15)+11(12)
15+15+15+15=60
4(15)=60
12+12+12+12+12+12+12+12+12+12+12=132
11(12)=132
60+132=192
Hope this helps ;) ❤❤❤
-2K^2-10
i think this may be right