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Kathleen deposits $20 into her account that earns 2.5% interest that is compounded twice a year . how much will she have in her account in 30 years ?

Kathleen deposits $20 into her account that earns 2.5% interest that is compounded twice a year . how much will she have in her account in 30 years ?
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Kathleen deposits $20 into her account that earns 2.5% interest that is compounded twice a year . how much will she have in her account in 30 years ?

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User ZaxR
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9.0k points

1 Answer

4 votes
A=p (1+I/k)^kn
A=20×(1+0.025÷2)^(2×30)
A=42.14
answered
User Daryl Wong
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7.7k points
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