Find the total amount of compound interest earned.
-$2340 is compounded semiannually at a rate of 8% for 15 years. (The compound interest factor is 3.2434.)
A) $9107.47
B) $2808.00
C) $7589.56
D) $5249.56
Correct Answer:
Verified
Q229: Solve.
-Find the simple interest when: Principal =
Q230: Find the total amount in the compound
Q231: Solve.
-Lucy borrows $3000 and agrees to pay
Q232: Solve.
-Find the simple interest when: Principal
Q233: Solve. Round to the nearest cent, if
Q235: Find the total amount of compound interest
Q236: Solve.
-Find the simple interest when: Principal =
Q237: Solve.
-Find the simple interest when: Principal =
Q238: Solve.
-A diamond necklace normally sells for $31,512.
Q239: Solve. Round to the nearest cent, if
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents