SOLUTION: The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.
A. Find how much money there will be in the account afte
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Question 918694: The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.
A. Find how much money there will be in the account after the given number of years.
B. Find the interest earned.
Principal= $7000
Rate= 4%
Compounded= Semiannually
Time= 3 years
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
= $7883.14
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