Question

Need some help with this problem? (Image below) Please :c

Answer 1

\(\bf \textit{compound interest}=Balance=P\left(1+\cfrac{r}{m}\right)^{mt}
\\ \quad \\
P=Principal, \textit{ or original amount deposited}\\
m=periods,\textit{ semiannually, meaning twice a year, thus 2 periods}\\
t = years\\
r=rate, \textit{ in decimal format, that is }3\%\implies \cfrac{3}{100}\implies 0.03\)

plug in your values and get the "accumulated amount"