Answer :
Answer:
6% , 800$
Step-by-step explanation:
to answer the question we can use this proportion :
x : 100 = 30 : 500
x = (100*30)/500
x = 6%
for calculate the amount after 10 years we can use this formula
A = P(1+rt)
where P indicates the initial amount, r the rate (in decimal) and t the time of investment
A = 500(1 + 0,06 x 10) = 500(1 + 0,6) = 500(1,6) = 800 $