Respuesta :
Answer: $641.51
Step-by-step explanation:
A = p (1+ r/n)^nt
A = 500 (1 + 0.025/4)^4*10
A = 641.51
The amount in an account where $500 in invested at 2.5% is $641.51.
Using this formula
A = p (1+ r/n)^nt
Where:
A=Amount
P= Principal=$500
R=Rate=2.5% or 0.025
n=4 (Quarterly)
T=Time=10 years
Let pug in the formula
A = $500(1 + 0.025/4)^4×10
A=$500(1.28302)
A =$641.51
Inconclusion the amount in an account where $500 in invested at 2.5% is $641.51.
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