3 years ago

Am I right about this because my friend says I'm not plz help

Mathematics

2 answers:

jeka57 [31]3 years ago

5 0

You are right!!!!!!!!!!!!

Ierofanga [76]3 years ago

4 0

You literally posted this twice...

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if 500 is deposited into an account earning 6 percent simple interest what is the future value in 6 years how do you work it put

djverab [1.8K]

$\bf \qquad \textit{Simple Interest Earned Amount}\\\\
A=P(1+rt)\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$500\\
r=rate\to 6\%\to \frac{6}{100}\to &0.06\\
t=years\to &6
\end{cases}
\\\\\\
A=500(1+0.06\cdot 6)$