Answer:
A = P ( 1 + r / n) ^( t * n)
where
A = the amt owed
P = amt borrowed
r = the interest rate as a decimal
n = the number of compoundings per year
t = the number of years
A = 10000 ( 1 + .10 / 2)^(2 *1) = 10000 ( 1.05)^2 = $11025
Step-by-step explanation:
