$ 4,000 is deposited in a savings account that pays 8 % annual interest compounded semiannually . to the nearest dollar , how much is in the account at the end of the year ?
"this is the case of semi - annual compoundingso , multiply time period by 2 and divide rate by 2 so , new time = 2 periods and new rate = 8 / 2 = 4 % now , ca = 4000 ( 1 + 4 / 100 ) ^ 2 = $ 4326.40 hence answer is a"
multiply(const_100, const_100)