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olga_2 [115]
2 years ago
14

If you borrow $1500 with a compounding interest rate of 8% for 2 years, that compounds semi-annually. How much will you pay back

in total at the end of 2 years
Business
1 answer:
mestny [16]2 years ago
4 0

Answer:

1740

Explanation:

1500(1+\frac{8}{100})^2

1500*(\frac{27}{25})^2

= 1749.6

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