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4. If you were to deposit $1,000 into an account that paid 10 percent interest compounded semiannually, how much money would you have in the account one year from now?
a. $1,500.00
b. $1,102.50
c. $1,100.00
d. $1,052.52
e. $1,050.00

Respuesta :

jero75
B because is diving
Cricetus

After 1 year, the money would you have in the account will be "$1102.50".

Given:

  • Present value, P = $1000
  • Rate of interest, r = 10%
  • Time period, n = 1 year

As we know,

→ [tex]A = P(1+\frac{r}{200} )^{2n}[/tex]

By substituting the values, we get

      [tex]= 1000(1+\frac{10}{200} )^{(2\times 1)}[/tex]

      [tex]= 1102.50[/tex] ($)

Thus the above alternative i.e., "option b" is right.

Learn more about compound interest here:

https://brainly.com/question/13427696

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