SOLUTION: interest is compounded semiannually. Find the amount in the account after the given time:
Principal Rate of interest Time
$2000 5% 3 years
Algebra.Com
Question 138382: interest is compounded semiannually. Find the amount in the account after the given time:
Principal Rate of interest Time
$2000 5% 3 years
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
2000(1+.05/2)^3*2
2000(1.025)^6
2000*1.15969
$2,319.39 answer.
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