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Mathematics, 04.06.2020 21:04 juan1216av
When a principal amount, P, is invested at an annual interest rate, r, and compounded n times per
year, the amount accumulated in the account after t years can be found with the equation:
A = P(1 + r/n) ^nt
Javier invested $2,350 in a savings account for 5 years with a rate of 1.75% compounded every six
months. In this situation, what is n?
0.0175
5 6 2
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Answers: 3
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When a principal amount, P, is invested at an annual interest rate, r, and compounded n times per
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