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

How many min are in 5 hours?
When a positive electrical charge comes in contact with a neutral electrical charge what happens?
Find the first ten prime numbers tell how you do it
According to Of Plymouth Plantation, what was the Pilgrims’ opinion of Cape Cod in the first weeks after landing?
Which expression is NOT equal to 125? (1 point) 5 times the quotient 5 cubed over two-fifths, raised to the second power the quotient 5 cubed over 5 to the four
A shipment of sugar fills 5 containers of the same size. If the total amount of sugar is 6 1/4 tons, how much sugar can one container hold?
Which sentence does not contain any punctuation errors?   A. This is a familiar story; it needs no introduction.
0.8% of 150 is what number?
how can ordinary people be special?
Fluency includes emotion, pace, and a. rhyme. b. pitch. c. rhythm. d. volume.