3 years ago

Help me solve it cross word puzzle

Mathematics

1 answer:

attashe74 [19]3 years ago

7 0

Can not see a thing

try elimination with what you know <span />

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Lyn invested $7,000 into a investment paying 3% interest, compounded semi-annually, twice a year. After five years, how much wou

gayaneshka [121]

Answer:

Option B.) $8,123.79

Step-by-step explanation:

we know that

The compound interest formula is equal to

$A=P(1+\frac{r}{n})^{nt}$

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest in decimal

t is Number of Time Periods

n is the number of times interest is compounded per year

in this problem we have

$t=5\ years\\ P=\$7,000\\ r=0.03\\n=2$

substitute in the formula above

$A=\$7,000(1+\frac{0.03}{2})^{2*5}$

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irga5000 [103]

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Mashcka [7]

The answer to this problem would be 12. If you need to show work just comment.

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GrogVix [38]

Answer:

<em>Neither A nor B</em>

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