You deposit 2800 in a savings account that earns 1% annual intrest compounded semiannually. write a function that represents the balance after t years

Function for compound interest:

Amount = Initial amount * ( 1 + (r/n) ) ^ (nt)

where r = interest rate per year, n = period per year

n = 2, r = 0.01

  F(t) = 2,800 * [ 1 + (0.01/2) ] ^ 2t