Mathematics, 02.01.2021 15:00 ianocampo3413

You deposit $300 in a savings account that pays 6% interest compounded semiannually. How much will you have at the middle of the first year? How much at the end of one year?

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Answer from: loganlatimer2001

The total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00. The total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.

Step-by-step explanation:

a) How much will you have at the middle of the first year?

Using the formula

$A\:=\:P\left(1+\frac{r}{n}\right)^{nt}$

where

Principle = PAnnual rate = rCompound = nTime = (t in years) A = Total amount

Given:

Principle P = $300

Annual rate r = 6% = 0.06 per year

Compound n = Semi-Annually = 2

Time (t in years) = 0.5 years

To determine:

Total amount = A = ?

Using the formula

$A\:=\:P\left(1+\frac{r}{n}\right)^{nt}$

substituting the values

$A=300\left(1+\frac{0.06}{2}\right)^{\left(2\right)\left(0.5\right)}$

$A=300\cdot \frac{2.06}{2}$

$A=\frac{618}{2}$

A=309 $

Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.

Part b) How much at the end of one year?

Using the formula

$A\:=\:P\left(1+\frac{r}{n}\right)^{nt}$

where

Principle = PAnnual rate = rCompound = nTime = (t in years) A = Total amount

Given:

Principle P = $300

Annual rate r = 6% = 0.06 per year

Compound n = Semi-Annually = 2

Time (t in years) = 1 years

To determine:

Total amount = A = ?

so using the formula

$A\:=\:P\left(1+\frac{r}{n}\right)^{nt}$

so substituting the values

$A\:=\:300\left(1+\frac{0.06}{2}\right)^{\left(2\right)\left(1\right)}$

$A=300\cdot \frac{2.06^2}{2^2}$

A=318.27 $

Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.

Answer from: Quest

step-by-step explanation:

no of data

divide by no of mode

Answer from: Quest

Abit confused about what you mean, but i think you might be referring to slope intercept form: y = mx + bin that case b, or the y intercept is already given.(0,-1)find the slope by using the formulay2 - y1/x2 - x1the final slope will be 4/2, equivalent to 2.now your equation should look like thisy = 4/2x -1sorry if this didn’t you out!

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