katelynniwell katelynniwell
  • 13-03-2017
  • Mathematics
contestada

An investment of $1,000 pays 9% annual interest, compounded semiannually. What is the interest earned in 10 years?

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 13-03-2017
A=1,000×(1+0.09÷2)^(2×10)
A=2,411.71
Interest earned=2411.71−1,000=1,411.71
Hope it helps
Answer Link

Otras preguntas

What is the silk road? What valuable products were traded on the silk road?
What is the silk road? What valuable products were traded on the silk road?
What is the silk road? What valuable products were traded on the silk road?
What is the silk road? What valuable products were traded on the silk road?
What is the silk road? What valuable products were traded on the silk road?
What is the silk road? What valuable products were traded on the silk road?
What is the silk road? What valuable products were traded on the silk road?
What is the silk road? What valuable products were traded on the silk road?
What is the silk road? What valuable products were traded on the silk road?
What is the silk road? What valuable products were traded on the silk road?