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nterest is compounded semianually. Find the amount in the account after the given time. Principal - $1000 Rate of interest - 7% Time - 3 years The

nterest is compounded semianually. Find the amount in the account after the given time.


Principal - $1000

Rate of interest - 7%

Time - 3 years


The amount in the account is: ?

(round to the nearest cent)

Top Answer

A = P(1+r/nt)^nt A =... View the full answer

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Other Answers

Its 1229.255326. Means amount... View the full answer

3 comments
  • Its correct and in detail that will help you to understand. Hope this helps. Anything else?
    • RTHAKUR
    • Apr 01, 2018 at 10:53pm
  • If you apply A = P(1+r/nt)^nt that means ==1000*(1+0.07/2)^2*3 then also you will get 1229.26
    • RTHAKUR
    • Apr 01, 2018 at 10:58pm
  • Anything else?
    • RTHAKUR
    • Apr 01, 2018 at 10:58pm

The amount in the account... View the full answer

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