AireonY773248 AireonY773248

03-11-2022
Mathematics

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Finding the final amount in a world power problem on a compound interest

Finding the final amount in a world power problem on a compound interest class=

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PierI97834 PierI97834

03-11-2022

Using the compound interest formula, we have:

[tex]FV=2000(1+\frac{0.12}{2})^{6\cdot2}[/tex][tex]FV=2000(1.06)^{12}[/tex][tex]FV\approx4024.39[/tex]

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