MIDDLE SCHOOL PROBLEM please help I’m incompetent ._.
1 answer:
You might be interested in
The investment value will be $465.15.The amount he invested will be $200.
<h3>What is compound interest?</h3>Compound interest is computed on a loan or deposit based on the starting principle and the preceding period's accrued interest.
Money invest one time in six months = $20
Interest = 17%
Compounded type = semi-annually
The principal amount invested:
Money invested = $ 20 in 6 month
If he invests for 5 years, in 5 years there are 10 times she invests;
Investment(principal)=$ 20 × 10
Investment(principal)=$ 200
The compound interest:
A =P+CI
452.2=200+CI
CI=252.2
The final balance is $452.2.
The total compound interest is $252.2.
Hence, the investment value will be $452.2.
To learn more about compound interest, refer to brainly.com/question/14295570.
#SPJ1