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
P = $1000
rate r = 0.05
time =3years
n = 2
Substitute
A = 1000(1 + 0.05/3)^3(2)
A= 1000(1.1042)
A = $1104.2
Hence the amount in the account after the given time if compounded semianually is $1104.2
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Answer:
14
Step-by-step explanation:
25 + 14 = 14 + 25
39 = 39
Answer:
0.08x = $5400-0.1x Add 0.1x to both sides of the equation.
0.18x = $5400 Divide both sides by 0.18
x = $3000 and $54000-$3000 = $24000
$3,000 is invested at 8%
$2,400 is invested at 10%
Step-by-step explanation:
The answer would be 11 because the x's 9 doesnt have to move because they're on the same point. If you take 7 away from -7 you get zero. Add 4 to that 7 and you get 11. Make sesnse?
Hope this helped!
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