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

  1. math

    What would be the compounded interest on $8,000 invested for onr year AT 6%, compounded quarterly?
  2. MATH

    What wold be the amount of coumpound interest on $8,000 invested for one year at 6%,compounded quaterly?
  3. MATH

    What would be the amount of coumpound interest on $8,000 invested for one year at 6%,compounded quaterly?
  4. Math

    What would be the amount of compound interest on $8,000 invested for one year at 6%, compounded quarterly?
  5. FINANCE

    You deposit $2,000 in an account that pays 8% interest compounded semiannually. After 4 years, the interest rate is increased to 8.28% compounded quarterly. What will be the value of the account after 4 more years?
  6. consumer math

    Jim opened an account with $400. The account pays three percent quarterly. How much is in the account at the end of two years?
  7. math

    Find the amount of compound interest earned in an account that opens with $23,000, earns 4.3% interest compounded daily, and is held for 10 years. Assume 360 days in a year. (Round your answer to the nearest cent.) $ 1
  8. math

    Find the accumulated amount A if the principal P = $3,000 is invested at the interest rate of r = 9% per year for t = 5 years, compounded annually. Please round your answer to the nearest cent.
  9. math

    compounded- what would be the amount of compound interest on $12,000 invested for one year at 6%, compounded quarterly?
  10. Algebra ASAP

    Suppose that $17,000 is invested in a savings account paying 5.1% interest per year. (a) Write the formula for the amount A in the account after t years if interest is compounded monthly. A(t) = (b) Find the amount in the account after …

More Similar Questions