SOLUTION: can someone help me with this problem please: Find the compound interest earned by the deposit. Round to the nearest cent. $3000 at 12% compounded semiannually for 10 years

Question 161707: can someone help me with this problem please:
Find the compound interest earned by the deposit. Round to the nearest cent.
$3000 at 12% compounded semiannually for 10 years
a. 2372.54
b. 6621.41
c. 3600.00
d. 6317.54
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
The formula is:

= original amount
= amount after years
= interest rate
= number of times per year the interest is compounded
--------------

Interest earned =

The answer is (b)
RELATED QUESTIONS
can someone help me with this problem please: Find the compound interest earned by the (answered by jojo14344)

Can someone please help me with this problem: Find the compound interest earned by the (answered by jojo14344)

Can someone please help me with this problem: Find the compound amount for the... (answered by rfer)

Can someone please help me with this problem: Find the interest. Round to the nearest... (answered by rfer)

Please Help: Find the compound interest earned by the deposit. Round to the nearest... (answered by rfer)

Interest Homework APR Find the amount of compound interest earned in an account that... (answered by robertb)

Find the compound interest earned by the deposit. Round to the nearest cent. $1800... (answered by rfer)

3. find the compound interest earned by the deposit. round to the nearest cent. $3590 (answered by scott8148)

find the amount of compound interest earned in an account that opens with $23,000, earns... (answered by Alan3354)