Ashley deposits $2000 in a savings account that pays 8% interest compounded semiannually. What is her balance after one year.

1 answer:

Semmy [17]3 years ago

6 0

Answer:

$2163.20

Step-by-step explanation:

Formula:

$AV=PV(1+\frac{i}{n})^{n*t}}\\2000(1+\frac{.08}{2})^{2*1}\\2000*1.04^2=2163.2$

You might be interested in

Elis [28]

Answer:

x = - 10 ± $\sqrt{y}$

Step-by-step explanation:

y = (x + 10)² , or

(x + 10)² = y ( take square root of both sides )

x + 10 = ± $\sqrt{y}$ ( subtract 10 from both sides )

x = - 10 ± $\sqrt{y}$

4 0

2 years ago

Irina-Kira [14]

Answer:

D. x=4 and x=6 (A P E X)

8 0

3 years ago

Zigmanuir [339]

I am a lefty, and I know for a fact that 40% off the population write with there left

8 0

3 years ago

Dahasolnce [82]

The answer is 240.
15x8=120

7 0

3 years ago

elena-s [515]

None of those are correct 630

3 0

2 years ago