$500 at 2 percent for 1 year
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That is equal to 500(1 + 500) / 2.That is equal to 500(1 + 500) / 2.That is equal to 500(1 + 500) / 2.That is equal to 500(1 + 500) / 2.
500%
There's a trick to this one. Let 1 + 2 + ... + 500 be the sum of all integers 1 to 500, called X Now, imagine we want to add the sum the integers from 1 to 500 and to the sum of the integers from 1 to 500. This would give us 2*X we can write it as 1 + 2 + ... + 500 + 1 + 2 + ... + 500 But that's not particularly useful. What if we look at it as: 1 + 2 + ... + 499 + 500 + 500 + 499 + ... + 2 + 1 adding the numbers that are directly on top of each other, we get 500 + 1 = 501, 499 + 2 = 501... 1 + 500 = 501 Thus every term is 501, and we have 500 terms. So, we have 501*500 = 2X Thus X, the sum from 1 to 500, is (500*501)/2 = 125,250
only 9 1/2 % make over 100,000.00 a year
To calculate 2 percent of 500,000, you would first convert 2 percent to a decimal by dividing it by 100, which is 0.02. Then, you would multiply 0.02 by 500,000 to find the answer. Therefore, 2 percent of 500,000 is 10,000.