2. Find the compound interest earned for $700 at 8% compounded semiannually for 4 years. A = P(I+5jnt %3D 957.9983 A = 100 (+:082X4) 2.2, %3D 700-000O A = 957.9983 257.9983 $258 compound interest earned rounded: $258
2. Find the compound interest earned for $700 at 8% compounded semiannually for 4 years. A = P(I+5jnt %3D 957.9983 A = 100 (+:082X4) 2.2, %3D 700-000O A = 957.9983 257.9983 $258 compound interest earned rounded: $258
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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