Asked by Anonymous
How much interest is earned in 6 years on $8500 deposited in an account paying 7% interest, compounded semiannually?
Answers
Answered by
oobleck
final balance: 8500(1 + 0.07/2)^(2*6) = 12844.08
so the interest is 12844.08 - 8500 = _____
so the interest is 12844.08 - 8500 = _____
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.