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Levi invested $160 in an account paying an interest rate of 3% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after
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17 votes
Levi invested $160 in an account paying an interest rate of 3% compounded daily.

Assuming no deposits or withdrawals are made, how much money, to the nearest ten
dollars, would be in the account after 8 years?
What is the answer

User Trh
by
6.9k points

2 Answers

4 votes

Answer:

200

Explanation:

it was the right answer on delta math

User Djcredo
by
6.4k points
9 votes

Answer:

The amount is $200.00 and the interest is $40.00

Explanation:

User Triston
by
7.0k points
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