Ask Question
21 December, 10:05

Jason's savings account has a balance of $734. After 5 years, what will the amount of interest be at 10% compounded semiannually?

+4
Answers (1)
  1. 21 December, 11:03
    0
    A=p (1+i/m) ^mn

    A=734 * (1+0.1:2) ^ (2*5) = 1,195.61

    Then calculate the interest

    I=A-p

    I=1,195.61-734=461.61
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Jason's savings account has a balance of $734. After 5 years, what will the amount of interest be at 10% compounded semiannually? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers