SOLUTION: Can you please help me? Compounded semiannually. P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial P

Question 146320: Can you please help me?
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 parenthesis. Evaluate the polynomial if P = $200 and r = 10%.
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
200(1+.10/2)^2
200(1.05)^2
200*1.1025
$220.5 is the amount after 1 year @ 10% rate compounded semiannually.
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