mizzboombaztic mizzboombaztic
  • 18-02-2020
  • Mathematics
contestada

Nat put $550 in an account which pays four percent interest, compounded semiannually. How much will be in the account in three years?

Respuesta :

joshnajd joshnajd
  • 23-02-2020

The final answer will be rounding it up to $619.

Step-by-step explanation:

4% = 0.04

1 represents 100%

therefore,

(( 1 + 0.04)^3)x 550

= (1.04^3) x 550

= 1.124864 x 550

= $618.6752

The final answer will be rounding it up to $619.

Answer Link

Otras preguntas

Is 2 to the power of 3 equal to 3 to the power of 2
1. Reciteşte primele trei strofe. Găsește cuvintele-cheie (cele care numesc obiectele descrise in fiecare strofă) România
what is a decrease of £264 by39%
In what decade did most of Cesar Chavez's activism take place?
You are a non-white Saint Domingan (Haitian) in 1791. Type a letter to France declaring your country’s demands or independence. Your letter must refer to condi
what is 0.123 with the 23 repeating
13 yards compared to 40 feet
PLZ HELP FAST GIVING BRAINLIEST!!AND 15 POINTSHow did Sacajawea help the expedition?A.She financed the expedition.B.She helped them speak and trade with local t
I am writing a 6 paragraph opinion/argument essay, and I can't think of a topic to use. Does anyone have a topic suggestion??​
Solve using substitution. y = -5x - 1 y = -x - 5