You deposit $500 in an account that earns 5% compounded annually. what is the balance in your account after 5 years? round your answer to the nearest cent. f $2,625.00 g $625.00 h $886.89 j $638.14

J. $638.14

Step-by-step explanation:

We will use compound interest formula to solve our given problem.

, where,

A=Final amount after T years.

P= Principal amount.

r= Interest rate in decimal form.

n= Period of compounding.

T= Time in years.

Let us convert our given interest rate in decimal form.

Let us substitute our given values in above formula.

Therefore, we will have an amount of $638.14 after 5 years and option J is the correct choice.

set each factor equal to 0

4x-3 = 0

2x-1 = 0

solve for x.

4x-3=0

4x=3

x= 3/4

solve for x. 

2x-1= 0

2x= 1

x= 1/2

eventually after a few more steps, your answer should be 1/2 is less than or equal to x and 3/4 is greater than or equal to x