Question

Arianna deposits $500 in an account that pays 1.3% interest, compounded semi-annually. How much is in the

Answer 1

Answer:

1•3 × $500

100

1.3 × 10 × $500

100× 10

13 × $500

1000

=$6.5 semi annually

end of two years.....

6.5 × 4

=$26

in account.....

$500+$26

=$526