Find the total amount in each compound interest account. 1. $6375 is compounded semiannually at a rate

Question:

Find the total amount in each account.
1. $6375 is compounded semiannually at a rate of 10% for 1 year.
2. $2000 is compounded semiannually at a rate of 8% for 5 years.
3. $2000 is compounded daily at a rate of 8% for 5 years.
Compound Interest
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. Thought to have originated in 17th century Italy, compound...