Answer:
Substituting the given information into the compound interest formula:
Principal (P): $30
Annual interest rate (r): 12%
Periods per year (n): 6
A = P(1 + r/n)^(n*t)
A = 30(1 + 0.12/6)^(6*t)
Explanation:
Substituting the given information into the compound interest formula:
Principal (P): $30
Annual interest rate (r): 12%
Periods per year (n): 6
A = P(1 + r/n)^(n*t)
A = 30(1 + 0.12/6)^(6*t)