Respuesta :
Answer:
[tex]A\text{ = 31,669.25 Yuan}[/tex]Explanation:
Here, we want to get the balance in the account after 4 years
Mathematically, we use the compound interest formula to get this:
[tex]A\text{ = P(1 +}\frac{r}{n})^{nt}[/tex]where A is t6he account balance after the tenor
P is the amount deposited which is 25,000 yuan
r is the interest rate which is 6% = 6/100 = 0.06
n is the number of times interest is compounded yearly. Since it is semi-annual, then it is 2 times
n is the number of years which is 4
We proceed to substitute the values into the equation above as follows:
[tex]\begin{gathered} A\text{ = 25000(1 + }\frac{0.06}{2})^8 \\ A\text{ = 31,669.25 Yuan} \end{gathered}[/tex]