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Keiko invested 2875 in a savings account which earns 3.15 interest compounded semiannually. What will the account be worth in 7 years?

Keiko invested 2875 in a savings account which earns 3.15 interest compounded semiannually. What will the account be worth in 7 years?
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Keiko invested 2875 in a savings account which earns 3.15 interest compounded semiannually. What will the account be worth in 7 years?

User IReXes
by
7.5k points

1 Answer

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A=2,875×(1+0.0315÷2)^(2×7)
A=3,578.11
User Alex Moore
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8.1k points
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