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. Kathy Cole deposited $875 in a savings plan with her credit union. The credit union savings plan pays 52% interest compounded semiannually. If she makes no other deposits or w…

. Kathy Cole deposited $875 in a savings plan with her credit union. The credit union savings plan pays 52% interest compounded semiannually. If she makes no other deposits or w…
asked 218k views
4 votes
. Kathy Cole deposited $875 in a savings plan with her credit union. The credit union

savings plan pays 52% interest compounded semiannually. If she makes no other
deposits or withdrawals, how much interest will her money earn in 2 years?​

asked
User Ritesh Kumar Gupta
by
7.8k points

1 Answer

2 votes

Answer:

$910

Explanation:

$875 x 52% or $875 x .52 = 455

455compound x 2years = 910

answered
User Snekse
by
8.4k points
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