Brenda invests $4,848 in a savings account with a fixed annual interest rate of 5% compounded 2 times per year. what will the account balance be after 6 years?

She invests some amount in a saving account of fixed interest compounded half-yearly. It says to find its Future Value after six years.

The principal amount is P = $4,848.

Annual interest rate is 5% i.e. r = 0.05

Compounding period is two times per year i.e. n = 2.

Time of investment is t = 6 years.

We know the formula of Future Value is given by :-

We can plug the given values in the formula to calculate the answer.

Hence, future value of investment after six years is 6,520.02 dollars.

complete the steps to find the area of the trapezoid.

area of rectangle = 256   square units

area of triangle 1 = 24  square units

area of triangle 2 = 16  square units

area of triangle 3 =   96 square units

area of trapezoid = 120  square units

step-by-step explanation: