Question

help....please Elena is thinking about putting $200 in a savings account that earns 4% interest compounded semiannually. She wants to keep that money in the account for 4 years. Which of the formulas below can help her calculate how much money she will have at the end of the 4 years?

A. $200(1 + 0.04)^4
B. $200(1 + 0.02)^8
C. $200(1 + 0.02)^4
D. $200(1 + 0.08)^2

Answer 1

\[$200(1 + 0.04)^{8}\]

Answer 2

thank you :)

Answer 3

np ;)