Math 20(interest rates)
posted by Sandi on .
Determine the amount of interest charged on a loan of $5000 at 6.75% per annum, compounded semiannually for 3 years.

i = ..0675/2 = .03375
n = 3(2) = 6
amount = 5000(1.03375)^6
subtract $5000 from the above answer