Posted by **shannon** on Saturday, July 11, 2009 at 11:59pm.

what would be the amount of compound interest on %6,000 invested for 2 years att 9%, compounded semiannually? round your answer to the nearest dollar

- math -
**MathMate**, Sunday, July 12, 2009 at 12:07am
Principal P=6000$

Interest = 9% p.a. = 4.5% /6 months

Principal and interest after 2 years

= 6000 * (1.045)^{4}

= 6000 * 1.1925186

= 7155.11

Interest after two years

= 7155.11 - 6000

= 1155.11$

- math -
**Anonymous**, Friday, February 22, 2013 at 2:54am
8,450. The terms of sale are 2/10, n/30.

## Answer this Question

## Related Questions

- Math - What would be the amount of compound interest on $8,000 invested for one ...
- consumer math - Jim opened an account with $400. The account pays three percent...
- MATH - What would be the amount of coumpound interest on $8,000 invested for one...
- math - compounded- what would be the amount of compound interest on $12,000 ...
- MATH - What wold be the amount of coumpound interest on $8,000 invested for one ...
- math - What would be the compounded interest on $8,000 invested for onr year AT ...
- Algebra ASAP - Suppose that $17,000 is invested in a savings account paying 5.1...
- math - Find the accumulated amount A if the principal P = $3,000 is invested at ...
- FINANCE - You deposit $2,000 in an account that pays 8% interest compounded ...
- math - Find the amount of compound interest earned in an account that opens with...

More Related Questions