menu
QAmmunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
Pierre deposits $9,000 in a certificate of deposit that pays 8% interest, compounded semiannually. How much interest does the account earn in the first six months? What is the balance after six months?
asked
Jun 9, 2018
103k
views
0
votes
Pierre deposits $9,000 in a certificate of deposit that pays 8% interest, compounded semiannually. How much interest does the account earn in the first six months? What is the balance after six months?
Mathematics
college
Benten
asked
by
Benten
9.7k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
4
votes
P = $9,000, the principal
r = 8% = 0.08, the interest rate
n = 2, semiannual compounding
After 6 months, the interest is
9000 * 0.08 = $720
The balance after 6 months is
9000 + 720 = $9720
Answer
Interest = $720
Balance = $9,720
Harvi Sirja
answered
Jun 13, 2018
by
Harvi Sirja
8.3k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
Jan 28, 2022
84.9k
views
Pierre deposits $8,000 in a certificate of deposit that pays 8% interest, compounded semiannually. How much interest does the account earn in the first six months? What is the balance after six months?
Tomasz Kaminski
asked
Jan 28, 2022
by
Tomasz Kaminski
7.6k
points
Mathematics
high-school
1
answer
0
votes
84.9k
views
asked
Aug 1, 2022
176k
views
Pierre deposits $8,000 in a certificate of deposit that pays 8% interest, compounded semiannually. How much interest does the account earn in the first six months? What is the balance after six months?
TamarG
asked
Aug 1, 2022
by
TamarG
7.9k
points
Mathematics
high-school
1
answer
4
votes
176k
views
asked
Jul 12, 2023
22.3k
views
Pierre deposits $9,000 in a certificate of deposit that pays 1.4% interest, compounded semi-annually How much interest does the account earn in the first six months? What is the balance after six months?
Mulkave
asked
Jul 12, 2023
by
Mulkave
9.4k
points
Mathematics
college
1
answer
5
votes
22.3k
views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.5m
questions
12.2m
answers
Other Questions
How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement how thick must the cement be to cover field
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search QAmmunity.org