Question

Jason’s savings account has a balance of $1847. After 5 years, what will the amount of interest be at 6% compounded semiannually?

a.
$294.18
c.
$554.10
b.
$635.21
d.
$624.70

Answer 1

To this question the answer is C.

Answer 2

c

Explanation:

Multiplying his saving 1847×time 5 years×amount of interest 6% .Divided by 100.Formula p×t×r÷100