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pa7ssec0dufrec pa7ssec0dufrec
  • 25-02-2017
  • Mathematics
Answered

Little Miss Buffet takes all the money from her piggy bank and puts it into a savings account at her local bank. The bank promises an annual interest rate of 2.5% on the balance, compounded semiannually. How much will she have after one year if her initial deposit was $200?

A$205.00
B$205.01
C$205.02
D$205.03

Verified Answer :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 25-02-2017

Fv=200×(1+0.025÷2)^(2)
Fv=205.03

Answer Link

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