If $10,000 is invested at 2 percent semi-annually for 5 years, what is the amount at the end of the
term?

Solution:

The formula for compound interest, including principal sum, is:

Where,

A = the future value of the investment including interest

P = the principal investment amount

r = the annual interest rate in decimal

n = the number of times that interest is compounded per unit t

t = the time the money is invested

From given,

p = 10000

t = 2 years

n = 2 ( since interest is compounded semiannually)

Substituting the values in formula,

Thus the amount at the end of the term is $ 11046

1/800 is the right answer

95.03 is the answer. hope this !