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Can you help me solve? Sarah deposited $1,400 for one year at 10% compounded semi-annually. a. How many times was interest added to Sarah's account? (The lesson is on Compound Interest)

User Dotalchemy
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Given the following question:

Sarah deposited $1400 for one year

10% compounded semi-annually

Semi-annually means twice a year or it occurs twice in a year.

Since semi-annually means twice a year we know that the amount of times interest was added to Sarah's account was twice a year.

How many times was interest added to Sarah's account?

A: Two times

User Kartheepan
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