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Charra [1.4K]
3 years ago
9

An account is opened with an initial deposit of $700 and earns 3.3% interest compounded semi-annually. What will the account be

worth in 3 years? Round your answer to the nearest cent.
Mathematics
1 answer:
LenaWriter [7]3 years ago
4 0

Answer:

772.22

Step-by-step explanation:

A=$700(1+0.0332)2(3). Simplify using the order of operations: A=$700(1.0165)6=$700(1.103174712)≈$772.22.

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Step-by-step explanation:

Y varies directly as x is written as

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introducing a constant

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<em>sub</em><em>stitute</em><em> </em><em>it</em><em> </em><em>in</em><em> </em><em>the</em><em> </em><em>form</em><em>ula</em>

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<em>making</em><em> </em><em>k</em><em> </em><em>the</em><em> subject</em><em> </em><em>by </em><em>divi</em><em>ding</em><em> </em><em>thr</em><em>ough</em><em> </em><em>by</em><em> </em><em>6</em>

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