40/5=8
and the answer to your problem is 24
hope I helped
please mark me the brainliest
The amount in the account after the given time if compounded semiannually is $1104.2
<h3>Compound interest </h3>
Interest is any amount added on a sum of money over a period of time. The formula for calculating the compound interest is:
A = P(1+r/n)^nt
Given
P = $1000
rate r = 0.05
time =3years
n = 2
Substitute
A = 1000(1 + 0.05/3)^3(2)
A= 1000(1.1042)
A = $1104.2
Hence the amount in the account after the given time if compounded semianually is $1104.2
Learn more on compound interest here: brainly.com/question/24924853
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Answer: indistinct, alike equivelent
Step-by-step explanation:
Answer:
A I think this is it
Step-by-step explanation:
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