If i have $500 and I get 5% interest compounded annually how much would i have after 10 years

$814.45

Step-by-step explanation:

This is the formular: A=P(1+rn)n⋅t

A = total amount

P = principal or amount of money deposited,

r = annual interest rate

n = number of times compounded per year

t = time in years

A= $500 (1+5%/1)1.10

$500 (1+0.05) 10

$500 × 1.629

=$814.45