Question

Medal + Fan

How much money will you have at the end of one year if interest is compounded semiannually at 10%
on a $600 deposit?
A. $662.00
B. $660.00
C. $659.50
(D.) $661.50

is this correct

Answer 1

10% = 0.10
To get the annual interest, you need to multiply the Deposit to the percent of interest.
Then add the Deposit to the Annual Interest.

Answer 2

Deposit = $600
Percent of Interest = 10%
Annual Interest = Deposit X Percent of Interest

To get the total money
You add the Annual Interest and the Deposit.
Then you get the answer. Do you still need help or you got it already?

Answer 3

Yes it's B 660$ right