2. Find the compound interest earned for $700 at 8% compounded semiannually for 4 years. A = P(I+5jnt %3D 957.9983 A = 100 (+:082X4) 2.2, %3D 700-000O A = 957.9983 257.9983 $258 compound interest earned rounded: $258

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
icon
Related questions
Question

Is this solution correct?

2. Find the compound interest earned for $700 at 8% compounded semiannually for
4 years.
A= P(I+)"
A = 700(1+:082X4)
,
yexy
957.9983
700-000
2.2
A=D957.9983
257.9983
$258 compound interest
earned
rounded : $258
Transcribed Image Text:2. Find the compound interest earned for $700 at 8% compounded semiannually for 4 years. A= P(I+)" A = 700(1+:082X4) , yexy 957.9983 700-000 2.2 A=D957.9983 257.9983 $258 compound interest earned rounded : $258
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning