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Rina8888 [55]
3 years ago
11

Please help!

Mathematics
1 answer:
anygoal [31]3 years ago
5 0

Answer:

A = $ 7,299.92

A = P + I where

P (principal) = $ 6,000.00

I (interest) = $ 1,299.92

Step-by-step explanation:

A = P(1 + r/n)^nt

Where:

A = Accrued Amount (principal + interest)

P = Principal Amount

I = Interest Amount

R = Annual Nominal Interest Rate in percent

r = Annual Nominal Interest Rate as a decimal

r = R/100

t = Time Involved in years, 0.5 years is calculated as 6 months, etc.

n = number of compounding periods per unit t; at the END of each period

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not to mention that you could achieve that with in division by 4 (as this is the save as dividing by 2 and then again by 2).

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