Jason’s savings account has a balance of $734. after 5 years, what will the amount of interest be at 10% compounded semiannually?

The amount of interest would be $ 461.61.

Step-by-step explanation:

The amount that is compounded semiannually is,

Where, P is the principal amount,

r is the annual rate of interest,

t is the time ( in years ),

Here, P = $ 734,

r = 10 % = 0.10,

t = 5 years,

Thus, his balance after 5 years,

Hence, the amount of interest would be,

relating to or denoting a system of numbers and arithmetic based on the number ten, tenth parts, and powers of ten.

step-by-step explanation:

step-by-step explanation:

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