document.write( "Question 764602: I did not know what the proper catagory was, but stiil, Can someone please help me with these 2 problems.\r
\n" ); document.write( "\n" ); document.write( " principal rate time coumpounded interest
\n" ); document.write( " ------------------------------------------------------------------------------
\n" ); document.write( " $6000 6.25% 3 years annually __________
\n" ); document.write( "
\n" ); document.write( " $300 5% 2 years semiannualy _______________
\n" ); document.write( "

Algebra.Com's Answer #465539 by stanbon(75887)\"\" \"About 
You can put this solution on YOUR website!
principal rate time coumpounded interest
\n" ); document.write( "------------------------------------------------------------------------------
\n" ); document.write( "A(t) = P(1 + (r/n))^(nt)
\n" ); document.write( "---------------------------------
\n" ); document.write( "$6000 6.25% 3 years annually __________
\n" ); document.write( "A(3) = 6000(1+(0.0625/1))^(1*3)
\n" ); document.write( "-----
\n" ); document.write( "A(3) = 6000(1.0625)^3
\n" ); document.write( "-----
\n" ); document.write( "A(3) = 6000*1.1995
\n" ); document.write( "A(3) = $7196.78
\n" ); document.write( "======================================================\r
\n" ); document.write( "\n" ); document.write( "$300 5% 2 years semiannualy _______________
\n" ); document.write( "A(2) = 300(1+(0.05/1))^(1*2)
\n" ); document.write( "A(2) = 300(1.05)^2
\n" ); document.write( "A(2) = $330.75
\n" ); document.write( "===================
\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
\n" ); document.write( "===================
\n" ); document.write( "
\n" ); document.write( "
\n" );