tnttimmy9 tnttimmy9
  • 03-12-2016
  • Mathematics
contestada

The interest on 6000 at 6% compounded semiannually for eight years is?

Respuesta :

KawaiiKalin
KawaiiKalin KawaiiKalin
  • 03-12-2016
it will be $3,628.20.
Answer Link
Mcawesom
Mcawesom Mcawesom
  • 03-12-2016
using the formula
I = P x R x T
        100
where

I is interest
P is principal
R is rate
T is time in years
I = 6000 x 6 x 8
            100
I =
2880
when compounded semi anually the interest will be multiplied by 2
2880 x 2
5760 is the answer
Answer Link

Otras preguntas

During a recent winter, the ratio of deer to foxes was 7 to 3 in a town. If there was 210 foxes in the town, what was the number of deer in the town?
How many 1/10 are in 3?
How many “dots” would be around the central atom in the Lewis structure of S? A) 5 B) 6 C) 7 D) 4
How many “dots” would be around the central atom in the Lewis structure of S? A) 5 B) 6 C) 7 D) 4
What is the velocity of an object that has a mass of 2.5 kilogram and a momentum of 1,000 kg·m/sec?
What is the velocity of an object that has a mass of 2.5 kilogram and a momentum of 1,000 kg·m/sec?
what are the differences between german and english schools
I have been stuck with this one, and i would like to how to solve this. In each case, determine whether line AB is parallel or perpendicular to CD. (a) A(0, 0),
4x^2-28x+49=5 solve the quadratic by completing the square
How close to North Korea is Inchon?