trubreeze trubreeze
  • 15-02-2022
  • Mathematics
contestada

Jimmy invests $7,000 in an account that pays 3% interest compounded semi-annually. What is his balance after 8 years?

Respuesta :

20100218110276
20100218110276 20100218110276
  • 15-02-2022

Answer:

$8882.9

Step-by-step explanation:

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

Given:P=7000, r=(3÷100%)=0.03 , n=2, t=8

A = 7000(1+(.03/2))^(2×8)

A = 7000 (1+0.015)^16

A = 7000 × 1.015^16

A = $8882.9

Answer Link

Otras preguntas

In December of 1941, President Franklin Roosevelt and Winston Churchill agreed that their first goal was to A Japan B Germany C the Soviet Union D Italy
Please help with this
which angles are complementary? ​
The graph shows the relationship between the total cost and the number of gift cards that Raj bought for raffle prizes. A graph titled Cost of Gift Cards. The x
Longitude is the biggest factor affecting temperature?
This seller must sell at least 120 newspapers each month. He sold 85 newspapers in the first three weeks of the month. How many more newspapers must he sell by
Why is development necessary ? write four points​
7) A real number that is less than zero. These represent opposites.
Whats 30 times 30 plus 45 minus 456
what is demagnetization​