A principal of $5000 is invested at 4% interest.Find the amount after 10 years if the interest is compounded semi-annually.
A)$7431.74
B)$7433.74
C)$7432.74
D)$7430.74
E)$7429.74

Question

A principal of $5000 is invested at 4% interest.Find the amount after 10 years if the interest is compounded semi-annually. ​
A)$7431.74
B)$7433.74
C)$7432.74
D)$7430.74
E)$7429.74

Quizplus · Accepted Answer

The Answer of A principal of $5000 is invested at 4% interest.Find the amount after 10 years if the interest is compounded semi-annually. ​
A)$7431.74
B)$7433.74
C)$7432.74
D)$7430.74
E)$7429.74

A Principal of $5000 Is Invested at 4% Interest