Mathematics, 31.03.2021 18:50 adyenamaie02

Paul deposited $5,000 in a savings account that pays 5.5% interest Semi-Annually. What will be the amount in the account at the end of the year?
Step 1- Calculate interest for the first semi-annually period(I=PRT)
Step 2- Find the amount =Prin +interest
Step 3- Calculate interest for the second semi-annually period(I=PRT)
Step 4- Find the amount =Prin +interest

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