Here we goooo!
To calculate the value of "v" using the given values for "p," "r," and "t" in the equation:
v = p (1 + rt)
Substitute the values:
p = 500
r = 0.08
t = 3
Now, plug these values into the equation:
v = 500 * (1 + 0.08 * 3)
First, calculate the value inside the parentheses:
1 + 0.08 * 3 = 1 + 0.24 = 1.24
Now, multiply 500 by 1.24:
v = 500 * 1.24 = 620
So, the value of "v" is 620.