Dolores invests $8700 in a new savings account which earns 4.1 % annual interest, compounded daily. What will be the value of her investment after 8 years? Round to the nearest cent.

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asked Dec 2, 2023 220k views

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Dolores invests $8700 in a new savings account which earns 4.1 % annual interest, compounded daily. What will be the value of her investment after 8 years? Round

to the nearest cent.

Mathematics
college

Ronen Botzer asked

by Ronen Botzer

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3 votes

Answer:

$2853.60

Explanation:

4.1 percent of 8700 is 356.7 multiply it by the 8 years and you get 2853.60

Max Makhrov answered Dec 7, 2023

by Max Makhrov

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