46.9k views
1 vote
An investment account grows at 5% each year. There are 365 days in a year. What is the approximate daily growth rate of the account?

1 Answer

3 votes

Answer:

i went off of 10000 as the money or somewher in that range

Step-by-step exp lanation:

The final balance is $2,653.3.

The total compound interest is $1,653.3.

i hope this helps

User Komaruloh
by
5.1k points