Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $3800, r = 4%, t = 10, compounded semiannually A = $ 5645.60 × Need Help? Read It SUBMIT ANSWER [3.33/6.66 Points] DETAILS MY NOTES REVIOUS ANSWERS ASK YOUR TEACHER TANAPCALC10 5.3.001.EP. PRACTICE ANOTHER Consider the following where the principal P is invested at an interest rate of r per year for t years. P = $3,100, r = 4%, t = 10, compounded semiannually Determine m, the number of conversion periods per year. 2 Find the accumulated amount A (in dollars). (Round your answer to the nearest cent.) A = $ 4604.44

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 15E
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Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $3800, r = 4%, t = 10, compounded semiannually
A
= $ 5645.60
×
Need Help?
Read It
SUBMIT ANSWER
[3.33/6.66 Points]
DETAILS
MY NOTES
REVIOUS ANSWERS
ASK YOUR TEACHER
TANAPCALC10 5.3.001.EP.
PRACTICE ANOTHER
Consider the following where the principal P is invested at an interest rate of r per year for t years.
P = $3,100, r = 4%, t = 10, compounded semiannually
Determine m, the number of conversion periods per year.
2
Find the accumulated amount A (in dollars). (Round your answer to the nearest cent.)
A = $ 4604.44
Transcribed Image Text:Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $3800, r = 4%, t = 10, compounded semiannually A = $ 5645.60 × Need Help? Read It SUBMIT ANSWER [3.33/6.66 Points] DETAILS MY NOTES REVIOUS ANSWERS ASK YOUR TEACHER TANAPCALC10 5.3.001.EP. PRACTICE ANOTHER Consider the following where the principal P is invested at an interest rate of r per year for t years. P = $3,100, r = 4%, t = 10, compounded semiannually Determine m, the number of conversion periods per year. 2 Find the accumulated amount A (in dollars). (Round your answer to the nearest cent.) A = $ 4604.44
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