Question
Evaluate $A=p\left(1+\frac{r}{n}\right)^{n t}$, when $p=500$, $r=0.04, n=2$, and $t=1$.
Step 1
04}{2}\right)^{2 \cdot 1}$ Now, we can simplify the expression inside the parentheses: $A = 500\left(1+\frac{0.04}{2}\right)^{2}$ $A = 500\left(1+0.02\right)^{2}$ Show more…
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