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Round the answers to the nearest cent please .
Points) DETAILS SPRECALC7 4.2.035. $500 is invested at an interest rate of 2.5% per year, find the amount of the investment a
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Solution Criven, P= $500 9 2.5% = 2.5 0.025 100 tz 5 year year a) Annually n=1 Az P nt 1.tr 2 50011+0.025 Z 500(1025) A =$724c ) Quarterly in-4 Az. Pli+* y* 4. (15) 500 +0.025 니 500 (1.00625)60 $726.65 D d) Continuously AS Pesit 0.025 X 15 500 e A =$

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