Question

HELP BRAINLEST GUARANTEED

Answer 1

Answer:

6% , 800$

Step-by-step explanation:

to answer the question we can use this proportion :

x : 100 = 30 : 500

x = (100*30)/500

x = 6%

for calculate the amount after 10 years we can use this formula

A = P(1+rt)

where P indicates the initial amount, r the rate (in decimal) and t the time of investment

A = 500(1 + 0,06 x 10) = 500(1 + 0,6) = 500(1,6) = 800 $