SOLUTION: 96. Compounded semiannually. 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)^2represents th

Algebra ->  Numeric Fractions Calculators, Lesson and Practice -> SOLUTION: 96. Compounded semiannually. 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)^2represents th      Log On


   

Question 167010: 96. Compounded semiannually. 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)^2represents the
value of the investment after 1 year. Rewrite this expression
without parentheses. Evaluate the polynomial if
P = $200 and r = 10%.
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
200(1+.10/2)^2
200(1.05)^2
200*1.1025=$220.5 answer.