Question

how to solve this question?

Answer 1

Ответ:

670.05

Пошаговое объяснение:

t - the number of years interest is compounded (3).

n - the number of times interest is compounded per year (semianually - twice per year, 2)

P - the initial amount (500)

r - the annual rate of interest (5% is 0.05 as a decimal)

$A = 500 * (1+0,05)^{2*3} = 500 * (1+0,05)^{6} = 670,047$ rounded to 670,05