2.408 Rounded to the nearest hundredth's place is 2.41
The effective rate is calculated in the following way:

where r is the effective annual rate, i the interest rate, and n the number of compounding periods per year (for example, 12 for monthly compounding).
our compounding period is 2 since the bank pays us semiannually(two times per year) and our interest rate is 8%
so lets plug in numbers:
Answer:
Step-by-step explanation:
مرحبًا ، أود أن أحاول مساعدتك في عملك المدرسي. إذا كنت تستطيع أن تشرح أكثر فأنا أقدر ذلك.
-3x-2-6x=-4-<em>(-4x)</em>+12
-9x-2=-16x+12
7x=14
x=2.
You probably got confused with the italicized part.
Answer:
Step-by-step explanation:
The continuous compound formula is
where P is the principle or starting value, r is the growth rate in decimal form, and t is the time in years. For us:

which would probably round to just 3848 people.