menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Mathematical Analysis
  4. Exam
    Exam 5: Exponential and Logarithmic Functions
  5. Question
    If $400 Is Invested for 2 Years at 6% Compounded
Solved

If $400 Is Invested for 2 Years at 6% Compounded

Question 214

Question 214

Essay

If $400 is invested for 2 years at 6% compounded semiannually,find
(a)the compound amount and
(b)the compound interest.

Correct Answer:

verifed

Verified

(a)$450.20...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q209: Suppose $2000 is invested at 6.5% compounded

Q210: Find x: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6578/.jpg" alt="Find x:

Q211: The number of yearly visitors to a

Q212: A company is downsizing and expects the

Q213: Evaluate and simplify: ln <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6578/.jpg" alt="Evaluate

Q215: Solve for x: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6578/.jpg" alt="Solve for

Q216: The number of bacteria in a culture

Q217: Express 2(ln 4 + ln 3 -

Q218: Solve for x: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6578/.jpg" alt="Solve for

Q219: Sean and Carley have bacterial infections.Sean was

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines