document.write( "Question 1175021: The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate\r
\n" ); document.write( "\n" ); document.write( "Prinicpal: $10,000 Rate: 7% Compounded: semiannually Time: 2 years\r
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\n" ); document.write( "\n" ); document.write( "A. Find how much money there will be in the account after the given number of years\r
\n" ); document.write( "\n" ); document.write( "B. Find the interest earned
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Algebra.Com's Answer #800557 by MathLover1(20849)\"\" \"About 
You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( "The formula for compound interest is :\r
\n" ); document.write( "\n" ); document.write( "\"A=P%281%2Br%2Fn%29%5E%28nt%29\"\r
\n" ); document.write( "\n" ); document.write( "given:\r
\n" ); document.write( "\n" ); document.write( "\"P=10000\"
\n" ); document.write( "\"R=7\"% =>\"r=0.07\"
\n" ); document.write( "\"n=2\" (semiannually)
\n" ); document.write( "\"t=2\" years\r
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\n" ); document.write( "\n" ); document.write( "A. Find how much money there will be in the account after the given number of years.\r
\n" ); document.write( "\n" ); document.write( "\"A=10000%281%2B0.07%2F2%29%5E%282%2A2%29\"\r
\n" ); document.write( "\n" ); document.write( "\"A=10000%281%2B0.035%29%5E4\"\r
\n" ); document.write( "\n" ); document.write( "\"A=10000%281.035%29%5E4\"\r
\n" ); document.write( "\n" ); document.write( "\"A=10000%2A1.147523000625\"\r
\n" ); document.write( "\n" ); document.write( "\"A=11475.23\"\r
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\n" ); document.write( "\n" ); document.write( "B. Find the interest earned.\r
\n" ); document.write( "\n" ); document.write( "\"I=A-P\"\r
\n" ); document.write( "\n" ); document.write( "\"I=11475.23-10000\"\r
\n" ); document.write( "\n" ); document.write( "\"I=1475.23\"\r
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