Mathematics: When one new zealand dollar, nz$0.77, was worth us$0.77, how much was us$1.00 worth in new zealand dollars?

$506.13Step-by-step explanation:The account will be worth $986.13.The interest earned is $986.13 - $480 = $506.13....

When one new zealand dollar, nz$0.77, was worth us$0.77,

ygrant03

10.01.2022

1 U.S dollar is worth 1.40 in New Zealand Dollars.

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IHATEIXL

10.01.2022

If they are the same, wouldn't they still be the same? $0.77 in New Zealand dollars?

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lucky1940

03.09.2021

$506.13

Step-by-step explanation:

$A = Pe^{rt}$

$A = $480 \times e^{0.06 \times 12}$

A = $986.13

The account will be worth $986.13.

The interest earned is $986.13 - $480 = $506.13.

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