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Mya deposits $5,000 in a savings account that pays 2.9% interest, compounded semiannually, what is her balance after six months?
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24 votes
Mya deposits $5,000 in a savings account that pays 2.9% interest, compounded semiannually, what is her balance after six months?

User Davi Lima
by
9.1k points

1 Answer

12 votes

Answer:

$5,072.50

Explanation:

Total Interest - $72.50

User Schematic
by
8.1k points
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