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marissa [1.9K]
3 years ago
5

Can u help me with this question?

Mathematics
1 answer:
Over [174]3 years ago
3 0

Answer:

b

Step-by-step explanation:

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56 books 75% increase
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3 years ago
6. Interest is compounded semianually. Find the amount in the account after the given time.
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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

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rate r = 0.05

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Substitute

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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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Step-by-step explanation:

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