# Adeposit of $500 is made in a savings account that pays 6% interest compounded annually. if no withdrawals Adeposit of$500 is made in a savings account that pays 6% interest compounded annually. if no withdrawals or additional deposits are made, what will be the value of the account after 1 year? (hint: use i = prt.)

## This Post Has 3 Comments

1. Expert says:

dont think so

step-by-step explanation:

2. Expert says:

$\dfrac{p}{4}$   or   $\dfrac{1}{4}p$

step-by-step explanation:

if the four friends split the cost, p, of the pizza evenly, then each friend pays one-fourth of the cost of the pizza.

the expression is $\dfrac{p}{4}$   or   $\dfrac{1}{4}p$

3. meth77 says:

530

500(1.06)^1
Multiply the original amount by 1.06 to the power of how many years it is. You get 1.06 by adding the percentage of the interest to 1 followed by a decimal.