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2 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.

1 answer:

LenaWriter [7]2 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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