# Algebra

posted by
**Cassie** on
.

Suppose that P dollars is invested in a savings account at interest rate I, compounded semiannually, for one year. The amount A in the account after one year is given by A = P(1 + i/2)^2

posted by
**Cassie** on
.

Suppose that P dollars is invested in a savings account at interest rate I, compounded semiannually, for one year. The amount A in the account after one year is given by A = P(1 + i/2)^2