Question

Nora's savings account has a balance of $3979. After 4 years, what will the amount of interest be at 12% compounded semiannually?

Answer 1

2(3979*0.12)+3979
does this help

Answer 2

no

Answer 3

2(3979*0.12)+3979
2(477.48)+3979
954.96+3979
4933.96

Answer 4

still didnt help its not one of my answers

Answer 5

\(\large F = P(1 + \dfrac{r}{n})^{nt}\)

F = future value
P = present value
r = annual interest rate as decimal
n = number of compounding periods in one year
t = number of years

Answer 6

\(F = $3979(1 + \dfrac{0.12}{2})^{(2)4} \)

Answer 7

What are your choices?

Answer 8

$2362.92 this wat i got

Answer 9

a.
$2367.92
c.
$2362.92
b.
$4774.80
d.
$2353.92

Answer 10

How can you end up with less than you started with?