SOLUTION: P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial P(1+r/2)^2 represents the value of the investment after

Algebra ->  Polynomials-and-rational-expressions -> SOLUTION: P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial P(1+r/2)^2 represents the value of the investment after       Log On


   

Question 233301: P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial P(1+r/2)^2 represents the value of the investment after one year. Rewrite this expression without parentheses. Evaluate the polynomial if P=$200 and r= 10%.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=200*1.05^2
A=200*1.1025
A=$220.50