Use the formula for Interest:
2 answers:
Answer:
The correct answer is D $568.18
Step-by-step explanation:
The formula of interest is A=P (1+r)ⁿ
A=Final amount
P= Principal ( deposit)
r= interest rate
Y=n= time
Solving,
A=P (1+r)ⁿ
A=500(1+0,066)^2
A=$568.18
A=P(1+rt)
A=500(1+6.6%)^2
A=$568.18
Answer is D
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