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?
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
3 answers
That is incorrect, the correct answer is $15,494.70
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