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Determine m, n, and i for money invested at 6% compounded semi-annually for 9.5 years.
m=

User CurtLH
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1 Answer

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Final answer:

The student's question pertains to compound interest in the field of mathematics. 'm' cannot be determined without additional information, but 'n' is 2 and 'i' is 0.06 for a 6% annual interest rate compounded semi-annually over 9.5 years.

Step-by-step explanation:

The subject of the question is compound interest, which is a top area of study in mathematics. Specifically, we are looking at an investment at a 6% annual interest rate, compounded semi-annually, over 9.5 years. To find the values of 'm', 'n', and 'i', we need to use the compound interest formula:

A = P(1 + \(rac{i}{n}\))^\(nt\)

Where:

  • A is the amount of money accumulated after n years, including interest.
  • P is the principal amount (the initial amount of money).
  • i is the annual interest rate (decimal).
  • n is the number of times that interest is compounded per year.
  • t is the time the money is invested for, in years.

In this scenario:

  • 'i' would be 0.06, as the annual interest rate is 6%.
  • 'n' would be 2, since the interest is compounded semi-annually.
  • 't' would be 9.5 years.

Since the problem does not provide us with a principal amount or an accumulated amount, we are unable to directly calculate 'm'. However, we have identified and defined the other variables related to the problem, which are essential for calculating compound interest. Remember, in an actual problem scenario, you would be given either the principal amount or the final accumulated amount to find 'm'. Without one of these amounts, one cannot calculate 'm' using the compound interest formula.

User Bigstylee
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