Answer:
the actual answer is a(n)= 500 * ( 1 + 0.03) ^(n - 1) ;$579.64
Step-by-step explanation:
Answer:
D
Step-by-step explanation:
3 (4x + 18y) means that 3 will multiply 4x and 18y factor which results to 12x + 54y
hence dissimilar to the original expression
Answer: the amount of interest after 3 years is $60
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the amount of money deposited.
P represents the principal or amount of money deposited.
R represents interest rate on the deposit.
T represents the duration of the deposit in years.
From the information given,
P = $500
R = 4%
T = 3 years
Therefore,
I = (500 × 4 × 3)/100
I = $60
