17
QuizMultiple Choice

Banking — Test

Question 17 • Financial Math

Abdullah invests $2,000 in a savings account with a 3% annual interest rate, compounded semiannually. What will be the total amount after 2.5 years? A=P⁢(1+(r)/(n))^n⁢t

Answer
A
2 dollars comma 154 point 5 7
B
2 dollars comma 318 point 5 5
C
2 dollars comma 075 point 8 5
D
4 dollars comma 022 point 7 1
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