The saving account will have 575.125 USD after 2 years.
Explanation:
Usually, when people want to save money in a bank, they get a particular compound interest rate. This is of benefit for both sides, as the bank has the money at disposal and uses them, while the saver gets certain amount of money because of it. The interest rates can vary greatly, and in this case we have 7.5%, which is a very large interest rate in modern times.
If the saver has 500 USD at the beginning, and leaves the money in the bank for two years, he/she will get solid amount of compound interest for it. In order to get to the result we simply need to add 7.5% of the amount to it, and for the next year to add 7.5% on the amount that has accumulated from the previous year:
(500/100)x7.5 = 537.5
(537.5/100)x7.5 = 575.125
We get a result of 575.125, meaning that the saver has managed to gain 75.125 in the two years that the 500 USD have been in the bank.
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A. Around 70 presente of Japan's population lives in the region between Tokyo and Osaka.
Answer:
America celebrates July 4 as Independence Day because it was on July 4, 1776, that members of the Second Continental Congress, meeting in Philadelphia, adopted the final draft of the Declaration of Independence. Over time, various other summertime activities also came to be associated with the Fourth of July, including historical pageants, picnics, baseball games, watermelon-eating contests, and trips to the beach. Common foods include hot dogs, hamburgers, corn on the cob, apple pie, coleslaw, and sometimes clam bakes.
hope this helps!!:)
hope this helps!!:)
Explanation:
Number one; hierarchy authority, the few top ranking officials.
Number two; job specialization, everyone has a job.
Number three; formalize rules, set established rules. All used to create efficiency
