Register

A $3 500.00 principal earns 3 interest compounded semiannually after 20 yeara what is the balance in the account

A $3 500.00 principal earns 3 interest compounded semiannually after 20 yeara what is the balance in the account
asked 153k views
3 votes
a $3 500.00 principal earns 3 interest compounded semiannually after 20 yeara what is the balance in the account

asked
User Farzaneh Torkpichlou
by
7.7k points

1 Answer

5 votes
A=3,500×(1+0.03÷2)^(2×20)
A=6,349.06
answered
User Vtsamis
by
8.2k points
← Prev Question Next Question →

Related questions

User Lourens
asked Nov 22, 2018 88.7k views
Tom is 8 years older than jane. five yeara ago tom was three times as old as jane. how old is jane now?
Lourens asked Nov 22, 2018
by Lourens
7.9k points
2 answers
2 votes
88.7k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!