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If 10,000 dollar is invested at an interest rate of $3 \%$ per year, compounded semiannually, find the value of the investment after the given number of years.a. 5 yearsb. 10 yearsc. 15 years

(a) $\$ 11,605.41$(b) $\$ 13,468.55$(c) $\$ 15,630,80$

Algebra

Chapter 4

Exponential and Logarithmic Functions

Section 1

Exponential Functions

Missouri State University

Campbell University

Lectures

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Ocean says that if $10,000 is invested at an interest rate off, 3% bloodier, compounded semi annually, find the value of investment after the given number off years. So the formula for finding this amount is equipped to be in tow. One plus R divided by entries but empty their peace. The principal amount are is the date and decimal, and it's the number of times interest is compounded, buddy it and he is the number off years. According to a question. He's a quick 10,000. Art is equal to three person, so it would be 0.3 since the interest is being compounded semi annually and will be equal to don't. So we are given the value off key and we have to find uncertain what each value So in part eighties 1/4 to 5 years. Therefore able be quick, dude, 5000. Ah, sorry. This is 10,000 years. 10,000 into one place, 0.3 Do right by two days. Part goingto five my Justin. So therefore this amount is equal to 11,605 $0.4 in part B is equal to 10 years. So even be quick. 10,000 into one place. So 0.3 divide by two Jace, but 20. So this is coming out to be 13,468 $0.55 and biopsy time. Peter, this 15 years, therefore able big were to 10,000 into one plus 0.0 treat divide by two, they spot 30 so this is coming out to be 15,630 $0.8.

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