Question

Elena is thinking about putting $200 in a savings account that earns 4% interest compounded semiannually. She wants to keep that money in the account for 4 years. Which of the formulas below can help her calculate how much money she will have at the end of the 4 years?

Answer 1

A. $200(1 + 0.04)4
B. $200(1 + 0.02)8
C. $200(1 + 0.02)4
D. $200(1 + 0.08)2

Answer 2

Elena is thinking about putting $200 in a savings account that earns 4% interest compounded semiannually. She wants to keep that money in the account for 4 years. Which of the formulas below can help her calculate how much money she will have at the end of the 4 years?

A. $200(1 + 0.04)4
B. $200(1 + 0.02)8
C. $200(1 + 0.02)4
D. $200(1 + 0.08)2

Answer 3

Welcome to OpenStudy. I know that you are new here, but this is a math question and should be posted here: http://openstudy.com/study#/groups/Mathematics