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How much interest does $1,000 earn at an interest rate of 6% compounded semi annually? what is the balance after 2 years

How much interest does $1,000 earn at an interest rate of 6% compounded semi annually? what is the balance after 2 years
asked 107k views
1 vote
how much interest does $1,000 earn at an interest rate of 6% compounded semi annually? what is the balance after 2 years

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User Hareesh
by
8.4k points

1 Answer

6 votes

Answer:

Interest = A - P = 1015 - 1000 = $15

Explanation:

answered
User Charlie Roberts
by
7.8k points
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