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Cooper invested $1,100 in an account paying an interest rate of 3.8% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 10
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14 votes
14 votes
Cooper invested $1,100 in an account paying an interest rate of 3.8% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 10 years?

User Eric Olsson
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2 Answers

15 votes
15 votes

Answer:

Explanation:

User Nachshon
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2.8k points
16 votes
16 votes

Answer: 1608.48

Explanation:

Cooper invested $1,100 in an account paying an interest rate of 3.8% compounded daily-example-1
User Mishmash
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