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

Factorise fully. X^2 +6x+5
Does any body know 2v+7=3
$1.06 what is it rounded to the nearest cent
What is the evidence that Parliament held the REAL authority in the English constitutional monarchy?
15 3/4 divided by 7 5/7. Help
Can you show me how to divided 33 into to two groups so the ratio is 4 to 7 show me all the work
ammar hikes 23/4 miles of nature trail in 1 hour and 15 min .How many miles of trail does ammar hike per hour? pleas help me to understand this
what events led to a conflict between the Jamestown settlers and the powhatan confenderacy
Glaciers pick up large rocks and carry them away. This is called _____.
what was one difference between the british and americans forces at the beginning of the american revolution