The amount in the account after the given time if compounded semiannually to the nearest cent 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
Principal = $1000
rate r = 5% = 0.05
time = 3years
n = 2 (semi annually)
Substitute the given parameters
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 to the nearest cent is $1104.20
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Answer:
7 times
Step-by-step explanation:
5 times 5 is 25 so 5 times 7 is 35 and thats the answer
X + 9 = 2x - 8
2x - x = 9 + 8
x = 17
BC = x = 17
answer
17 units
Answer:
a= c/7b
Step-by-step explanation:
Divide each term by 7b and then simplify.
Hope this helps.
Answer:
5 more weeks
Step-by-step explanation:
5 more weeks if he already sold 15. 10 more weeks if you exclude the 15 he already sold.