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Mathematics 21 Online
OpenStudy (anonymous):

$15,600 at 10% compounded semiannually for 3 yrs.

OpenStudy (anonymous):

Help

OpenStudy (zale101):

Use the compound interest formula A=P(1+r/n)^nt

OpenStudy (anonymous):

yeah but i cant

OpenStudy (zale101):

A=The amount of money in the savings account P=The principle r=The interest rate converted to a decimal t=The time that the money is in the account n=The number of times the money is compounded per year

OpenStudy (anonymous):

answer please

OpenStudy (zale101):

$15,600 at 10% compounded semiannually for 3 yrs. p = $15,600 r = 10% = 0.1 decimal form n = semiannually means twice (2) t = 3 years A= $15,600 (1+(0.1 /2))^(2(3)) can you solve it form here? u can use the calculator

OpenStudy (anonymous):

i dont have one.

OpenStudy (zale101):

do you know how to use the order of operation PEMDAS First, start solving in the parenthesis then, do the exponents next, do the multiplication do the division addition and then do the subtraction

OpenStudy (anonymous):

yeah but can u just tell meeeeeeee

OpenStudy (zale101):

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