Answer:
Explanation:
Suppose we have X amount of money and each time a the interest increases. To find the first increase, the operation we will perform is to find the percentage of "a" of "X" and add it to it.
x + x * (a/100) = x( 1 + a/100) = x((100 + a)/100)
In your question, the amount of money is 500, and the money grows by 5 percent, it is known that the money in the question grows by 5 percent 3 times To find the final amount:
