Homework Help: College Algebra

Posted by Lisa on Friday, November 26, 2010 at 11:05pm.

Compounded semiannually. P dollars is invested at annual
interest rate r for 1 year. If the interest is compounded
semiannually, then the polynomial P(1+r/2)^2
represents the
value of the investment after 1 year. Rewrite this expression
without parentheses. Evaluate the polynomial if
P = $200 and r = 10%.

basic Algebra - drwls, Saturday, November 27, 2010 at 2:10am
Value = P + Pr + Pr^2/4
Plug in the numbers.
College Algebra - Deb, Sunday, November 28, 2010 at 12:47pm
$20,000+1+6.2^-6

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