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moneyyfletcher
13.03.2021 •
Mathematics
If $5,000 is invested at 3.2% annual interest compounded semiannually, how much will the investment be worth in 10 years? Drag and drop each value into the correct location in the Compound Interest equation. Note: Not all quantities will be used.
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Ответ:
Given:
Principal = $5,000
Rate of interest = 3.2% annual interest compounded semiannually.
Time = 10 years.
To find:
The amount after compound interest.
Solution:
The formula for amount is:
Where, P is principal, r is rate of interest, n is number of times interest compounded and t is the number of years.
Putting P=5000, r=3.2, t=10, n=2, we get
On further simplification, we get
Therefore, the amount after compound interest is $6868.22.
Ответ:
C
Step-by-step explanation:
I think that is the answer because 5x5x5=125