document.write( "Question 203315: Hi I need help with a word problem involving interest rates Please.
\n" ); document.write( "P dollars is invested at annual
\n" ); document.write( "interest rate r for 1 year. If the interest is compounded
\n" ); document.write( "semiannually, then the polynomial P(1+r/2)^2
\n" ); document.write( "represents the value of the investment after 1 year. Rewrite this expression
\n" ); document.write( "without parentheses. Evaluate the polynomial if
\n" ); document.write( "P= $200 and r= 10%.\r
\n" ); document.write( "\n" ); document.write( "My Try: I know I have to substitute the numbers in for the variables, but not sure how to solve after that. 200(1+10%/2)^2 = 200+220/2=110^2=220??
\n" ); document.write( "Thanks
\n" ); document.write( "

Algebra.Com's Answer #153389 by Earlsdon(6294)\"\" \"About 
You can put this solution on YOUR website!
\"P%281%2Br%2F2%29%5E2\"
\n" ); document.write( "1) Rewrite the expression without parentheses.
\n" ); document.write( "\"P%281%2B2%28r%2F2%29%2Br%5E2%2F4%29\" Distribute the P.
\n" ); document.write( "\"highlight%28P%2BPr%2BPr%5E2%2F4%29\"
\n" ); document.write( "2) Evaluate if P= $200 and r = 10% (or 0.1 in its decimal form).
\n" ); document.write( "\"200%2B200%280.1%29%2B200%280.1%29%5E2%2F4+=+200%2B200%280.1%29%2B200%280.01%29%2F4\"=\"200%2B20%2B2%2F4+=+highlight%28220.5%29\"
\n" ); document.write( "
\n" );