Answer:
The answer is "562.432"
Step-by-step explanation:
Given:
[tex]P= 500\\\\r= 4\%\\\\n= 3 \ years\\\\\text{frequency of conversion}\ (A)=?[/tex]
Using formula:
[tex]\to A=P(1+r)^n[/tex]
[tex]= 500(1+4\%)^3\\\\= 500(1+\frac{4}{100})^3\\\\= 500(1.04)^3\\\\=500 \times 1.124864\\\\= 562.432[/tex]
