$ 2,000 is deposited in a savings account that pays 4 % 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 = 4 / 2 = 2 % now , ca = 2000 ( 1 + 2 / 100 ) ^ 2 = $ 2080.80 hence answer is e"
multiply(const_100, const_100)