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College Algebra

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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 -

    Value = P + Pr + Pr^2/4
    Plug in the numbers.

  • College Algebra -

    $20,000+1+6.2^-6

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