Question

Katherine invested $1225 in a savings account which earns 3.25% interest compounded semiannually. What will the account be worth in 7 years?

Answer 1

@sarah786 @jim_thompson5910

Answer 2

@dumbcow

Answer 3

use the general compound interest formula
\[B = P(1 + \frac{i}{n})^{nt}\]
i = annual int rate
n = number of compounding periods in a year
t = time in years

Answer 4

really dunno :/

Answer 5

okay