tnttimmy9 tnttimmy9
  • 03-12-2016
  • Mathematics
contestada

The interest on 6000 at 6% compounded semiannually for eight years is?

Respuesta :

KawaiiKalin
KawaiiKalin KawaiiKalin
  • 03-12-2016
it will be $3,628.20.
Answer Link
Mcawesom
Mcawesom Mcawesom
  • 03-12-2016
using the formula
I = P x R x T
        100
where

I is interest
P is principal
R is rate
T is time in years
I = 6000 x 6 x 8
            100
I =
2880
when compounded semi anually the interest will be multiplied by 2
2880 x 2
5760 is the answer
Answer Link

Otras preguntas

If the first term of a geometric progression is 16 and the 5th term is 9. Find the 7th term of the geometric progression
what is science??????​
what is the meaning of belie ?​
(-1,-1) m = -2 in point-slope form
Ellie's boat trailer has a weight limit of 6 tons. Her boat weighs 5,000 pounds. A boat on a trailer is shown. How many more pounds can the trailer carry befor
7(y-2) 21=(2y)(3) solve the equation
What test was developed to filter humanlike artificial intelligence? DARPA Challenge Turing test DeepMind ANALOGY Test
I ¦ Q.3 Fill in the blanks with suitable indefinite pronouns. a) Virat is throwing a party is invited.​
an essay of not less than 350 words that ends with the statement if I had known I could have not gone out with him​
Yo pienso ganar el partido.