.06 is the answer
062
11.0606
.06.
Assuming you meant annual compounding, this means 500 + (500).06 + (500).062 (convergent).500 + 500(.06) + 500(.06)2 = 500 + 30 + 1.8 = 531.8.Thus 531.80 is the end value.
if you meant to have a decimal in there, i'll answer in all eventuality. 6.2>0.62>0.062 Also if the question was as is phrased. It doesnt matter how many zeros there are to the left, 062 is still 62. 00000000000000062 is still 62. So 062 = 62, exactly the same
.06 is the answer
062
0.6% = 0.006 as a decimal
.06
11.0606
.06
.06.
Assuming you meant annual compounding, this means 500 + (500).06 + (500).062 (convergent).500 + 500(.06) + 500(.06)2 = 500 + 30 + 1.8 = 531.8.Thus 531.80 is the end value.
3 over 50 in decimal form is .06.
.06
.06