Acredit union pays 5% annual interest, compounded daily, on saving deposits. find the value after one year of $500 deposited in this account. a-$20.40 b-$25.64 c-$520.40 d-$525.64

$525.64

Step-by-step explanation:

The general formula for  compound interest is

A = P(1 + r/n)^nt    where P = Initial Amount, r = yearly rate ( as a fraction), t = number of years and n = number of times in the year that interest is added.

So for the given data:

Amount after 1 year = 500 ( 1 + 0.05/365)^365

= $525.64.

use the power rule  

( a b ) n = a n b n

to distribute the exponent.

apply the product rule to  

3 x 2 y 3 . ( 3 x 2 ) 2 ( y 3 ) 2

apply the product rule to  

3 x 2 . 3 2 ( x 2 ) 2 ( y 3 ) 2

raise  

3

to the power of  

2 . 9 ( x 2 ) 2 ( y 3 ) 2 multiply the exponents in   ( x 2 ) 2

.

apply the power rule and multiply exponents,  

( a m ) n = a m n . 9 x 2 ⋅ 2 ( y 3 ) 2

multiply  

2   by   2 . 9 x 4 ( y 3 ) 2

multiply the exponents in  

( y 3 ) 2 .

apply the power rule and multiply exponents,  

( a m ) n = a m n . 9 x 4 y 3

⋅

2

multiply  

3   by   2 . 9 x 4 y 6

step-by-step explanation: