Answer:
First, converting R percent to r a decimal
r = R/100 = 5.5%/100 = 0.055 per year.
Putting time into years for simplicity,
6 months / 12 months/year = 0.5 years.
Solving our equation:
A = 200(1 + (0.055 × 0.5)) = 205.5
A = $205.50
Step-by-step explanation:
