Pete invested $9566 in an account at 6% compounded semi-annually. Calculate the compound interest C after 7 years.

$14,469.43

Step-by-step explanation:

(see attached)

the formula for compound interest is as follows:

A = P  [ 1 + (r/n) ]^(nt)

Where

A = Final amount (we are asked to find this)

P = Principal Amount = $9,566

r = interest rate = 6% = 0.06

t = time elapsed = 7 years

n = 2 (number of times per year that interested is compounded for semi annual)

Substituting the above into the equation,

A = 9,566  [ 1 + (0.06/2) ]^[ (2)(7) ] = $14,469.43

step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )

chase is right because he already been to the swings and he know how far it will be to get there

step-by-step explanation: