SOLUTION: Find the total amount in an account to the nearest cent after 2 years if the intrest is compounded twice a yearon an investment of $3500 at 2.25%

Algebra.Com
Question 548278: Find the total amount in an account to the nearest cent after 2 years if the intrest is compounded twice a yearon an investment of $3500 at 2.25%
Answer by rfer(16322)   (Show Source): You can put this solution on YOUR website!
A=3500(1+0.0225/2)^2*2
A=3500(1.01125)^4
A=3500*1.045765
A=$3660.18
RELATED QUESTIONS

Find the amount of money in an account after 3 years if a principle of $7000 was... (answered by jorel1380)
If Corliss invested $100 at an annual rate of 8% compounded continuously, what amount to... (answered by stanbon)
An initial amount of $1300 is invested in an account at an interest rate of 4% per year... (answered by stanbon)
If $450 is invested in an account that earns annual interest of 6.5%, compounded... (answered by lynnlo)
$1100 is invested in an account at an interest rate of 5% per year, compounded... (answered by ewatrrr)
A principal of $12,000 is invested in an account paying an annual interest rate of 10%.... (answered by ewatrrr)
What amount (to the nearest cent) will an account have after 8 years if $175 is invested... (answered by fractalier)
15. Find the amount of money in an account after 12 years if a principal of $1800 was... (answered by mananth)
If $4,321.00 is deposited into an account at 23% compounded annually, how much money is... (answered by jorel1380)