Joe deposits $2500 in a savings account that pays 5% compounded interest semiannually . What is his balance after one year.

here is your answer.....

Step-by-step explanation:

given,

principal (p)= 2500

rate (r)= 5%

time(t)= 1 yrs

now,

(from above photo it continue)

$2626.56

Step-by-step explanation:

Formula:

which rounds to

2626.56

b) 1/3 * 1/5

step-by-step explanation:

each smallest part is 1/15 since the written one is 1/5 and it's divided by 3 equal parts. (1/5 )/3 = 1/15 = 1/3 * 1/5