Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

dasDaName

  • 3 years ago

How much will $600 amount to be if it is invested at 10% interest compounded semiannually (two times a year) for 4 years? A. $886.47 B. $952.40 C. $1063.20 D. $1168.17

  • This Question is Closed
  1. Callisto
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    \[A= P(1+\frac{r}{n})^{n\times t}\]A= amount you get P = amount you invested r = interest rate n= no of time you get the interest t = years of investment

  2. dasDaName
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    comon man lol, is it a?

  3. dasDaName
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    no seriosly is it c or d ?

  4. dasDaName
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    because it got 1080$

  5. Callisto
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    How did you get that?

  6. dasDaName
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    idk somehow

  7. Callisto
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    You can calculate it using the formula above.

  8. dasDaName
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    well i coulndt

  9. Callisto
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    P = 600 r = 10% n = 2 t = 4

  10. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy