Answer: $35.6125
Step-by-step explanation:
3.5% = 0.035
Let's find the deposit amount with interest at the end of the first year:
500 + 500 · 0.035 = 517.5
Let's find the amount of the deposit with interest at the end of the second year:
517.5 + 517.5 · 0.035 = 535.6125
Find the total interest earned over two years:
535.6125 - 500 = 35.6125
Answer:
r = 1/pt.
Step-by-step explanation:
1 = prt
Divide both sides of the formula by pt:
`1 / pt = r.
Is the number 30?
(Extra words because I can't post without them)
Lets see do 36/4 and you should have your answer
