Question 1150340: $8000 deposited semiannually at 5.8% annual interest for 5 years
Answer by ikleyn(52915)   (Show Source):
You can put this solution on YOUR website! .
Is the interest simple ? compound ?
Since you do not mention this factor, it means that you do not understand the problem.
In this case, there is no any sense to solve the problem for you.
To get basic knowledge on the subject, read the lessons
- Simple interest percentage problems
- Compound interest percentage problems
in this site.
Also, in the future please DO NOT HESITATE to place your question in each and every your posts.
The posts with no question are nonsense. They are PROHIBITED in this site.
We, the tutors, ignore such posts.
Should I explain why ?
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When the student/ (the visitor) comes to the forum with the problem asking for help,
I assume, by default, that this person understands meaning of the terms in the post.
It is not my goal to teach from scratch.
When I see that the student/(the visitor) needs to be touched from scratch, I refer to my lessons in this site.
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