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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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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?

User Yogamurthy
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4 votes

Answer:

The amount is $200.00 and the interest is $40.00

Explanation:

User Slezadav
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