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.

the answer would be 150 books

step-by-step explanation:

if you divide 300 by 2 you will get 150

my guess would be b and d, but i didn’t actually get out the pen and paper. lol