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chubhunter [2.5K]
3 years ago
12

What is 500 dollars at 4% for 3 years

Mathematics
1 answer:
worty [1.4K]3 years ago
7 0
500 +  (\frac{100 + 4}{100})^{3} = $<span>562.432.
</span>
original amount + ((100 + percentage) / 100)^number of years
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General Formulas and Concepts:

<u>Pre-Algebra</u>

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Step-by-step explanation:

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<u />

<u>Step 1: Define</u>

<em>Identify.</em>

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  1. Substitute in points [Slope Formula]:                                                              \displaystyle m = \frac{-1 + 1}{1 + 1}
  2. [Order of Operations] Simplify:                                                                        \displaystyle m = \frac{0}{2}
  3. Simplify:                                                                                                             \displaystyle m = 0
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