Suppose that $2000 is invested at a rate of 2.6% , compounded semiannually. Assuming that no withdrawals are made, find the total amount after 10 years.

$2,589.52

Step-by-step explanation:

We start with the compound interest formula above, where

A = future value

P = principal amount invested

r = annual rate of interest written as a decimal

n = number of times interest is compound per year

t = number of years

For this problem, we have

P = 2000

r = 0.026

n = 2

t = 10,

and we find A.

Compound interest formula:

Total = principal x ( 1 + interest rate/compound) ^ (compounds x years)

Total = 2000 x 1+ 0.026/2^20

Total = $2,589.52

step-by-step explanation:

(s)he  is right it would be 5.5% because it is smaller than 15.5% or anything smaller than 15.5% in general

step-by-step explanation: so we look at the formula un = a + (n-1)d

un is the amount of seats

n is the nth term aka row number

a is the original sequence/row number

d is the difference between each term

so in this a=22 d=6 and n can remain as n because we are simply formjng a rule

lets put these in the equation

un=22+(n-1)(6)

this is your answer to part a

however

lets double check that this is correct, we'll try putting it into the second term

un=a+(n-1)d

u2=22+(2-1)(6)

u2=22+6

u2=28

as the question said the second row has 28 seats so now we know the formula we made is correct.

as for part b

un=a+(n-1)

its asking us to find a row with 100 seats.

remember un was the amount of seata so all we do is substitute this in.

un=100 a=22 d=6

un=a+(n-1)d

100=22+(n-1)(6)

so now we simplify to find n which is the row number.

100-22=22+(n-1)(6)-22

78=(n-1)(6)

78/6=(n-1)(6)/6

13=n-1

13+1=n-1+1

14=n

so now we know that in the 14th row there is 100 seats.

hope this and that you understood! its my first time using the app or anyone out on here : p its also me to revise so a bunch! ask more questions if you dont understand ☺