Find the balance of an account after years.
The compound interest formula is .
Since,compound interest is semiannually,then .
Here, and
.
Find the total amount.
\ (Compound interest formula)
(Substitute
and
)
(Multiply exponents)
(Simplify)
(Addition)
(Use caluculator:
)
(Multiply)
Therefore, the balance of an account after years is
.
The balance of an account after years is
.