I use a bit of a different looking formula.
A(t)=P(1+r/n)^nt
P=amount of money. (500)
r= rate (in decimal. 4%=0.04)
n=number of times per year (1 in this problem)
t=amount of time. (5 years)
Plugged in it looks like this:
A(t)=500 (1+ 0.04/1)^1x5
Then I put it into my calculator like this:
0.04/1+ 0.04
Then add one to the above answer:
0.04+1=1.04
Then raise the above answer to the 1x5:
1.04^5=1.2166......
Then multiply the above answer by 500:
1.2166.... x 500=608.3264512
She has $608 after 5 years.
Hope this helps, let me know if you have any questions.
1) 7000+300+10+3
2) 900,000+90,000+400+40+6
3) 600+80+2
4)30,000+7000+900+10+1
5)3,000,000+900,000+40,000+1,000+400+70+7
6)8000+400+70+4
7)700+70+2
8)30,000+7000+200+80+2
9)700,000+30,000+5,000+800+10+1
10)40,000+6000+400+40+9
11)5000+8000+70+2
12)5,000,000+700,000+50,000+8,000+900+40+5
13)5,000,000+900,000+90,000+8,000+800+90+0
14)300+70+7
15)300,000+20,000+3,000+200+40+8
This is easy once you look at it you just have to move the decimal 7 places and you'll get 24,000,000
