Find the final amount of money in an account if $900 is deposited at 2.5% interest compounded semi- annually and the money is left for 9 years. The final amount is $ Round answer to 2 decimal places
Find the final amount of money in an account if $900 is deposited at 2.5% interest compounded semi- annually and the money is left for 9 years. The final amount is $ Round answer to 2 decimal places
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 36PFA
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Question
Find the final amount of money in an account if $900 is deposited at 2.5% interest compounded semi-
annually and the money is left for 9 years.
The final amount is $
![Find the final amount of money in an account if $900 is deposited at 2.5% interest compounded semi-
annually and the money is left for 9 years.
The final amount is $
Round answer to 2 decimal places](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F42dd9872-52b9-4ccb-8b89-3990b3a9581b%2F8a182346-5a42-45bf-8f0f-72aacc83c5a2%2Fcy9lytr_processed.png&w=3840&q=75)
Transcribed Image Text:Find the final amount of money in an account if $900 is deposited at 2.5% interest compounded semi-
annually and the money is left for 9 years.
The final amount is $
Round answer to 2 decimal places
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