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How much interest is earned on a balance of $1,500 that is compounded semiannually at a 5% interest rate for an account maintained for one year?

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How much interest is earned on a balance of $1,500 that is compounded semiannually at a 5% interest rate for an account maintained for one year? Empty How much interest is earned on a balance of $1,500 that is compounded semiannually at a 5% interest rate for an account maintained for one year?

Post by Beyonder on Fri Apr 29, 2016 12:24 pm

How much interest is earned on a balance of $1,500 that is compounded semiannually at a 5% interest rate for an account maintained for one year?

Answer is $75.94
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