Post a New Question

math

posted by .

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 -

    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 -

    8,450. The terms of sale are 2/10, n/30.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question