Laura borrow $6250 at a rate of 10% compounded semiannually.

Question

Laura borrow $6250 at a rate of 10% compounded semi annually. Find how much Laura owes at the end of three years. Use a equals A=P(r/n)^nt

Answer 1

A = 6250(0.1/2)²⁽³⁾

Throw the right side in your calculator for your answer.