Answer:
$2,725
Step-by-step explanation:
Amt = Principal · (1 + [tex]\frac{r}{n}[/tex])^nt
r = interest rate
n = number of times per year principal compounds
t = number of years
A = 2500 · (1 + [tex]\frac{.03}{2}[/tex])^(.03)(2)
A = 2500 · (1 + .015)^(.06)
A = 2500 · (1.015^(.06)
A = 2500(1.09)
A = 2725
