prasha2live prasha2live
  • 31-10-2016
  • Mathematics
contestada

Steve’s savings account has a balance of $1287. After 4 years, what will the amount of interest be at 6% compounded semiannually?

Respuesta :

Аноним Аноним
  • 31-10-2016

A = P (1 + r/n)^nt

A =1287 ( 1 + 0.06/2)^8

A= 1287 ( 1 + 0.03)^8

A= 1287 ( 1.03)^8

A = 1630.33

1630.33 - 1287 = 343.33

answer: interest will be $343.33

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aldobautista6755 aldobautista6755
  • 07-03-2019

Answer:

d

Step-by-step explanation:

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