Asked by Steve

A $1,600.00 principle earns 7% interest, compounded semiannually twice per year. After 33 years, what is the balance in the account.

My answer is $112,992.00
Answered by Francis
Could u show the workings, pls.
I knw, I =PRT/100
P=$1600.00
R=7%
so which are we looking for, I or T?
Answered by Velvet
That is incorrect, the correct answer is $15,494.70
Answered by fetallifestyle
Quick check Answers:

B
A
D
A
D

Practice answer:

B
D
B
B
A
C
B
B
B
D
B
C
There are no AI answers yet. The ability to request AI answers is coming soon!