Answer:
That would be approximately 4.47.
Answer:
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Step-by-step explanation:
The formula for compound interest
A = P( 1 + r/n) ^ (nt)
A is the amount in the account at the end
P is the principal balance or the amount initially invested
r is the annual interest rate in decimal form
n is the number of times it is coupounded per year
t is the number of years
A = 1800 ( 1+ .0375/1) ^ (1*6)
A = 1800 ( 1.0375)^6
A = 2244.92138
Rounding to the nearest cent
A = 2244.92
Answer:
2/4
Step-by-step explanation:
half/whole for any number really
