Answer:
Hi!
Around 2208.97 dollars
Step-by-step explanation:
A=P(1+r/n)^nt This is the compound interest rate equation.
According to the problem, Principal is 2000 with annual rate of 2.5%, it was being compounded semiannually(twice a year).
Thus,
P=2000. r/n=2.5%/2 nt=2*4, 8
A=2000(1+0.0125)^8
A=2208.97
