Margaret deposits $1,000 in a savings account that pays 1.4% interest compounded semiannually. What is her balance after 1 year?

The balance after 1 year is;

$1,014.05

Step-by-step explanation:

To do this, we use the compound interest formula

That will be ;

A =P (1 + r/n)^nt

A is the amount generated which we want to calculate

r is the rate = 1.4% = 0.014

P is the amount deposited = $1,000

n is the number of times it is compounded annually which is 2 (semi-annually means 2 times in a year)

this the number of years which is 1

we have this as:

A = 1,000( 1 + 0.014/2)^(2*1)

A = 1,000(1 + 0.007)^2

A = 1,000(1.007)^2

A = $1,014.05

answer: answer is c!

ok i got to organize the

3/15 and 12/55

3*

aha

3*4 equals 12 but not

a: no

b:

8/24 12/35

no

gautie

it's c

5/18 = 25/90

5*5=25

18*5 = 90

hope that you!

one more happy customer!

< 3

step-by-step explanation:

i think there was a typo. you wrote pat brings 3 quarts of ice-cream to the party. each serving of ice-cream is 1 6 quart. how many total servings of ice-cream does pat bring to the party? i think the bold is supposed to be 1/6. so 1 quart of ice cream = 6 servings. 6 * 3 = 18.