Question 1193208
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<pre>

To find the interest rate x in the first year, divide 12336 dollars by 12000 dollars. You will get

    {{{12336/12000}}} = 1.028.


Thus the effective growth coefficient is 1.028.  Hence, the annual compound interest in the first year is 2.8%.


In the second year, the annual interest rate is half of it, i.e.  0.028/2 = 0.014,

or the growth multiplicative coefficient of the compound interest in the second year is 1.014.


Hence, the amount after the second year will be

    12336*1.014 = 12508.70  dollars.     <U>ANSWER</U>
</pre>

Solved.


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To see many other similar &nbsp;(and different) &nbsp;solved problems on compounded interest accounts, &nbsp;look into the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Compound-interest-percentage-problem.lesson>Compounded interest percentage problems</A> 

in this site.


Learn the subject from there.