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

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Question 167771: 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 1 year. Rewrite this expression
without parentheses. Evaluate the polynomial if P = $200 and r =10%.
I am so confused can someone please help me? Thank you
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
p(1+r/2)^2
200(1+.10/2)^2
200(1.05)^2
200*1.1025=220.50 is the value of the investment after 1 year..