i think its c lmk if i am wrong
Answer: $175.50
Step-by-step explanation: Since you are given the formula, your next step is to put your information into it.
I = PRT
I = 450 x .13 x 3
Now to solve for it:
I = $175.50
Answer:
the rate compounded semi-annually is compounded twice in a year. thus, this rate is higher than the rate compounded annually which is compounded once in a year
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
For example, there are two banks
Bank A offers 10% rate with semi-annual compounding
Bank B offers 10% rate with annual compounding.
If you deposit $100, the amount you would have after 2 years in each bank is
A = 100x (1 + 0.1/2)^4 = 121.55
B = 100 x (1 + 0.1)^2 = 121
The interest in bank a is 0.55 higher than that in bank B
X = -0.25 and x = -2^-2
I’m not sure if this helps
