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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.)
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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 Aiko West
by
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1 Answer

5 votes

Answer:

$2672.20

Explanation:

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

=$2672.20

User Andris Leduskrasts
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7.3k points
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