SOLUTION: Rhonda deposits $5,600 in a savings account that pays 2 1/2% interest,compounded semiannually. A.how much interest does the account earn in the first six months? B.what is th

Algebra ->  Test  -> Lessons -> SOLUTION: Rhonda deposits $5,600 in a savings account that pays 2 1/2% interest,compounded semiannually. A.how much interest does the account earn in the first six months? B.what is th      Log On


   



Question 690129: Rhonda deposits $5,600 in a savings account that pays 2 1/2% interest,compounded semiannually.
A.how much interest does the account earn in the first six months?
B.what is the ending balance after six months ?
C. How much interest does the account earn in the second six months?
D.what is the balance after one year ?
E.how much interest does the account earn the first year?

Answer by rfer(16322) About Me  (Show Source):