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Loretta invested $3,000 into an account that earns 6% compounded semiannually. How many times will Loretta earn interest after keeping the money in the account for 5 years.
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Loretta invested $3,000 into an account that earns 6% compounded semiannually. How many times will Loretta earn interest after keeping the

money in the account for 5 years.

User Nickeat
by
7.0k points

1 Answer

7 votes

Answer:

answer:900

Explanation:


3000 * 6 * 5 / 100 = \\ 300 * 6 * 5 = \\ 900

User M T Head
by
7.3k points
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