Question

Find the compound amount for the deposit. Round to the nearest cent. $9,000 at 7% compounded semiannually for 10 years O A. $
Find the amount of compound interest earned. $9,000 at 5% compounded annually for 3 years O A. $1,441.63 O B. $1.418.63 O C.
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Answer #1

We know that A = P(1 + re got where A = the ending amount, P = principal amount, pa rate of interest, n = number of compoundiHere, p= 0000, n=1 t=3, S= 0.05 : A = p (1 + rent = 9.000 (1+0.05) = 9000 (1.05)3 = 10418.625 & Compounded amount = $ 10418.6

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