A deposit of $500 is made in a savings account that pays 6% interest compounded annually.?

p = $500

r = 6% = 6/100

t = 1

I = $500 x 6 / 100 = $30

So value of account is $500 + $30 = $530.00c.

one million. when you consider that 24 is the whole and 3 is the part, if we divide 3 with the help of 24, then multiply the quotient with the help of one hundred, you ought to get the proportion. 3/24 = 0.one hundred twenty five 0.one hundred twenty five x one hundred = 12.5 (%) 2. i do now not precisely endure in mind l=prt, yet permit me try. A 6% strengthen is the comparable ingredient as 106% of the unique wide variety. (one hundred% is complete, and a 6% strengthen from that.) So, 6% strengthen from $500 (since the deposit replaced into stored in simple terms for one million year), would be 106% of $500... 500 x one million.06 = $530 desire it helped :) p.s. in case you are able to strike a twine in me what l = prt is, i'm going to upload it in my description, I advise, to be waiting to :)

500+500x0.06=500+30=530

30 dollars

Must be a very old textbook. You are lucky if you get .05% today,