Solve the problem.Find the amount in a savings account at the end of 10 years if the amount originally deposited is $7000 and the interest rate is 7% compounded semiannually.Use: A = Pntwhere:A = final amountP = $7000 (the initial deposit)r = 7% = 0.07 (the annual rate of interest)n = 2 (the number of times interest is compounded each year)t = 10 (the duration of the deposit in years)

A. $9874.19
B. $13,928.52
C. $15,321.37
D. $144,900.00


Answer: B

Mathematics

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C.
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