victoria invests 300 dollars into an account with 2.5% interest rate that is compounded semiannually. how much money will she have in this account if she keep it for 5 years

Solución

Solución

Amount : 339.68

Pasos de solución

Translate the problem into an equation:

A = 300 (1 + \frac{0.025}{2})^{2 \cdot 5}

300 (1 + \frac{0.025}{2})^{2 \cdot 5} = 339.68124 \dots

Round to the nearest hundredth:

339.68

Amount : 339.68

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