Mathematics, 23.10.2020 21:30 dprajapati832000
HELP ME Dudley Durite deposited $350 into a savings account that earns 6.5% interest compounded semi-annually. What amount was in his account at the end of 1-year?
Answers: 2
. A stands for amount, P stands for principle which in this case is 350, r is rate which for this one is .065, ad n is the amount of times compounded per year, and since it is compounded semi annually you do 2 for 2 times a year. Your equation based on this information should look like this:
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