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.)
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.