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Fatima deposits $600 in an account that pays 3.65% annual interest compounded daily. Use the fact that there are approximately 365 days is a year. Which equation represents the account balance A after
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Jun 12, 2018
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Fatima deposits $600 in an account that pays 3.65% annual interest compounded daily. Use the fact that there are approximately 365 days is a year.
Which equation represents the account balance A after t years?
A=600⋅(1.0365)^365t
A=600⋅(1.0365)^12t
A=600⋅(1.0001)^365t
A=600⋅(1.0001)^t
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A=600⋅(1.0001)^365t
,,,,,,,,,,,,,,,,,,,
Deitch
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Jun 19, 2018
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