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.)

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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.)

dont think so

step-by-step explanation:

[tex]\dfrac{p}{4}[/tex] or [tex]\dfrac{1}{4}p[/tex]

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 [tex]\dfrac{p}{4}[/tex] or [tex]\dfrac{1}{4}p[/tex]

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.