Answer:
A = P18,732.94
P (principal) = P15,000.00
I (interest) = P3,732.94
Step-by-step explanation:
First, convert R as a percent to r as a decimal
r = R/100
r = 5/100
r = 0.05 rate per year,
Then solve the equation for A
A = [tex]P(1 + r/n)^{nt}[/tex]
A = [tex]15,000.00(1 + 0.05/2)^{(2)(4.5)}[/tex]
A = [tex]15,000.00(1 + 0.025)^{(9)}[/tex]
A = P18,732.94
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