document.write( "Question 1201119: Sara deposited $1400 for 1 year at 10%, compound semiannually.\r
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document.write( "b. What percent interest was added each time?\r
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document.write( "c. What was the balance in Sara's account at the end of 1 year? \n" );
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Algebra.Com's Answer #835368 by Theo(13342) You can put this solution on YOUR website! 10% per year compounded semi-annually / 2 = 5% per half year. \n" ); document.write( "she deposited 1400. \n" ); document.write( "at the end of the first semi-annual period, she earned 5%. \n" ); document.write( "the remaining bslance in the account was 1400 * 1.05 = 1470. \n" ); document.write( "at the end of the second semi-annuial period, she erned 5%. \n" ); document.write( "the remaining bgalance in the account was 1470 * 1.05 = 1543.5. \n" ); document.write( "that's how much she had in the account at the end of 1 year.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |