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

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

Find the length of side X

Which decimal has the greatest value? A. 0.009 B. 0.019 C. 0.0099 D. 0.02

HELPPPP What is the relationship between the digestive system and respiration? The digestive system takes in the oxygen needed for respiration in the body. The

What level of government does the Bill of Rights apply to?

What is the inverse of function ? f(x)= 64x^3 - 1

Which forms of heat transfer do not require matter(particles) to happen? (Select all that apply) Conduction Convection Radiation None of these

Please help I need these answers

The Mayflower Compact is the first example in America of Select one: 1)popular sovereignty 2)constitutional monarchy 3)divine oversight of government 4)democrat

HELPPPP!!! :) MEEEEEEEEE!!! :)

water is formed during cellular respiration. In which part of the cell is the water formed? nucleus mitochondria cytoplasm cell membrane