Mathematics, 28.01.2020 21:55 isaacchan

The formula for an account that earns simple interest is pt = p0 + (p0 ⋅ r)t, where pt represents the balance in the account after t years, p0 represents the initial deposit, and r represents the interest rate. paul deposited $500 into an account that earned 4% simple interest annually. how much was in his account after 1 year? a. $20 b. $480 c. $520 d. $540

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The formula for an account that earns simple interest is pt = p0 + (p0 ⋅ r)t, where pt represents th...