The amount that will be in the account after 3 years is $595.51.
Using this formula
Amount=Principal(1+Interest rate)^Time
Let plug in the formula
Amount=$500(1+0.06)^3
Amount=$500(1.06)^3
Amount=$500(1.191016)
Amount=$595.508
Amount=$595.51 (Approximately)
Inconclusion the amount that will be in the account after 3 years is $595.51.
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