document.write( "Question 1201119: Sara deposited $1400 for 1 year at 10%, compound semiannually.\r
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\n" ); document.write( "\n" ); document.write( "c. What was the balance in Sara's account at the end of 1 year? \n" ); document.write( "

Algebra.Com's Answer #853546 by ikleyn(53618) $\"\"$ $\"About$

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.Sara deposited $1400 for 1 year at 10%, compound semiannually.
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\n" ); document.write( "c. What was the balance in Sara's account at the end of 1 year?
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document.write( "(b)  What percent interest was added each time?\r\n" );
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document.write( "     Two semi-annual compounding produce the effective increase per year\r\n" );
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document.write( "           =  =  = 1.1025,\r\n" );
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document.write( "     so the effective interest per year is  10.25%.\r\n" );
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document.write( "(c)  What was the balance in Sara's account at the end of 1 year?\r\n" );
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document.write( "     The balance in Sara's account at the end of 1 year is\r\n" );
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document.write( "          =  = 1543.50 dollars.\r\n" );
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