Question

When a principal amount, P, is invested at an annual interest rate,r, and compounded n times per

Answer 1

Answer:

2

Step-by-step explanation:

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

P is the amount invested

r is the rate

n is the number of times per year the interest is compounded

t is the number of years

every 6 months is twice a year

so n is 2

Answer 2

Answer:

Step-by-step explanation:

10+50+60=500