Register
If you leave $2300 in an account earning 3% interest, compounded daily, how much money will be in the account after 5 years? (Round your answer to two decimal places.)
222,705 views
36 votes
36 votes
If you leave $2300 in an account earning 3% interest, compounded daily, how much money will be in the account after 5 years? (Round your answer to two decimal places.)

User Grigno
by
2.8k points

1 Answer

14 votes
14 votes

Answer:

$2672.20

Explanation:

2300(1+(0.03)/(365))^(5*365)

=$2672.20

User Yiwanmian
by
3.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

Can anybody tell me what’s going on here?
Granola costs $1.76 per pound. Write and solve an equation to determine the number of pounds p of granola that can be purchased with $7.04. The equation is: The value of x is
Evalute 8a -1+0.5b when a =1/4 and b= 10 how dose this work i need help..
PLZ needed now plz URGENT!
HELP PLEASE, I NEED THE ANSWER QUICKLY
Link Copied!