Solve A=20,000(1+.055/2)^2

$$A = 20,000 ( 1 + \frac { .055 } { 2 } ) ^ { 2 }$$

Solve for A

$$A=21115.125$$

Steps for Solving Linear Equation

Expand \frac{0.055}{2} by multiplying both numerator and the denominator by 1000.

$$A=20000\left(1+\frac{55}{2000}\right)^{2}$$

Reduce the fraction \frac{55}{2000} to lowest terms by extracting and canceling out 5.

$$A=20000\left(1+\frac{11}{400}\right)^{2}$$

Add 1 and \frac{11}{400} to get \frac{411}{400}.

$$A=20000\times \left(\frac{411}{400}\right)^{2}$$

Calculate \frac{411}{400} to the power of 2 and get \frac{168921}{160000}.

$$A=20000\times \frac{168921}{160000}$$

Multiply 20000 and \frac{168921}{160000} to get \frac{168921}{8}.

$$A=\frac{168921}{8}$$

Assign A

$$A≔21115.125$$