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

Question

anonymous · Answer

2(3979*0.12)+3979
does this help

anonymous · Answer

no

anonymous · Answer

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

anonymous · Answer

still didnt help its not one of my answers

mathstudent55 · Answer

$\large F = P(1 + \dfrac{r}{n})^{nt}$

F = future value
P = present value
r = annual interest rate as decimal
n = number of compounding periods in one year
t = number of years

mathstudent55 · Answer

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

mathstudent55 · Answer

What are your choices?

anonymous · Answer

$2362.92 this wat i got

anonymous · Answer

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

mathstudent55 · Answer

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