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Solve the Problem $1028\$ 1028 After 9 Years, What Will the Amount of Interest

Question 174

Multiple Choice

Solve the problem. Round to the nearest cent.
-Nora Oretega's savings account has a balance of $1028\$ 1028 . After 9 years, what will the amount of interest be at 5%5 \% compounded semiannually?


A) $580.33\$ 580.33
B) $514.00\$ 514.00
C) $566.33\$ 566.33
D) $575.33\$ 575.33

Correct Answer:

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