Tuesday

October 21, 2014

October 21, 2014

Posted by **PHIL** on Saturday, May 18, 2013 at 8:39pm.

- ALGEBRA -
**MathMate**, Saturday, May 18, 2013 at 10:52pmUse compound interest formula:

Amount = Principal * (rate)^n

rate=interest rate per period

n=number of periods compounded.

Here

rate = 1+ 0.07/2=1.035

number of periods = 3 years * 2 periods/yr

principal=$7300

The question didn't say what's required.

**Answer this Question**

**Related Questions**

Math - Roiger made deposits of $900 semiannually to the bank, which pays 6% ...

algebra - Find the accumulated value of an investment of $15,000 at 7% ...

Math - If you deposit $900 semiannually in a bank which pays 6% interest ...

math - $12000 at 6% compounded semiannually what is value after 21 yrs?

math- check my answer - An internet investment company advertises that if you ...

math - at the end of every 3 months, Rita deposits $100 into an account that ...

algebra - Compounded semiannually. P dollars is invested at annual interest rate...

College Algebra - Compounded semiannually. P dollars is invested at annual ...

math/algebra - Compounded semiannually. P dollars is invested at annual interest...

prealgebra - find the total amount in the compound interest amount. $6350 is ...