SOLVED: Problem 2: An interest rate of 8% compounded semi-annually

VIDEO ANSWER: the given part of this question is interest rate equal to 8 percentage semi -annual interest rate 8 percentage equal to 0 .08 and then semi -annual interest rate equal to 0 .08 divided 2 equal to 0 .04 and then 1 plus 0 .04 equal to 1
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Compound interest formula and examples - MathBootCamps

You borrowed 800 dollars at an annual compound interest rate 5% and compounded semi-annually. How much money will be accumulated after 4 years? I used the formula A=P(1+i) ^n, but I don't

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