A person deposits $5000 in an account paying 2.5%, compounded semiannually. Find the amount in the account after 4.5 years

$5,591.46

Step-by-step explanation:

Lets use the compound interest formula provided to solve this:

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

First, change 2.5% into a decimal:

2.5% -> -> 0.025

Since the interest is compounded semiannually, we will use 2 for n. Lets plug in the values now:

The amount in the account after 4.5 years is $5,591.46

you would have to sell 24 bracelets.

step-by-step explanation:

84/3.5 = 24

step-by-step explanation:

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