Multiply or divide as indicated (3x)^12/(3x)^4

Answer will be 6561 x ∧ 8

Step-by-step explanation:

Given that:

(3x) ∧ 12 / (3x) ∧ 4

3∧(12-4) * x ∧ (12-4)

3∧8 * x ∧ 8

6561 x∧8

Compound growth formula is given as:

Where,

P is the future value after some time is the initial depositr is the annual rate of interestn is the number of time compounding happens ( n = 1 for annual compounding, n = 2 for semi-annual compounding, n = 4 for quarterly compounding etc.)t is time in years

Given is P = $21,500, r = 6% or 0.06, n = 2 (since semi-annual compounding), and t is 6.

Putting all these into formula and solving for P gives us Sam's balance at end of 6 years.

Sam will have $30,653.86 at end of 6 years in his account.

ANSWER: $30,653.86