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Use the compound interest formula to compute the total amount accumulated and the interest earned.

​$2,000 for 3 years at ​5% compounded semiannually.
The amount in the account is ​$ ( )enter your response here.
​(Do not round until the final answer. Then round to the nearest cent as​ needed.)

User Ferpega
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1 Answer

4 votes

Answer:

$12,000

Explanation:

2000(
(1 + (.05)/(2)) ^(2(3))

12,000

User Pdfj
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