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Answer my questions IM FAILING MATH AND NO OKES HELPING ME

User Marianne
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2 Answers

11 votes

Answer:

Ok I will help you

User Victor Laerte
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5.8k points
10 votes

Answer:

Hi!

Around 2208.97 dollars

Explanation:

A=P(1+r/n)^nt This is the compound interest rate equation.

According to the problem, Principal is 2000 with annual rate of 2.5%, it was being compounded semiannually(twice a year).

Thus,

P=2000. r/n=2.5%/2 nt=2*4, 8

A=2000(1+0.0125)^8

A=2208.97

User Podkova
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4.6k points