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Interest is compounded semianually. Find the amount in the account after the given time. Principal Rate of Interest Time $1000 5% 3 years The amount in the account is $

Interest is compounded semianually. Find the amount in the account after the given time. Principal Rate of Interest Time $1000 5% 3 years The amount in the account is $
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Interest is compounded semianually. Find the amount in the account after the given time.

Principal Rate of Interest Time
$1000
5%
3 years
The amount in the account is $

Interest is compounded semianually. Find the amount in the account after the given-example-1
asked
User Miturbe
by
8.1k points

1 Answer

5 votes

Explanation:

p=1000,T=3 year ? R=5% semi annual compound ammount=p (1+R÷200)^2T=1159.94

answered
User Warp
by
8.3k points
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