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Question 7 (3 points) Cris borrowed $10,000 at an interest rate of 6% compounded daily. What is her approximate balance at the end of 4 years? A $14,100 B $14,400 C $11,800 D $13,500 E $12,700
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3 votes
Question 7 (3 points)

Cris borrowed $10,000 at an interest rate of 6% compounded daily. What is her approximate balance at the end of 4 years?

A $14,100
B $14,400
C $11,800
D $13,500
E $12,700

User Peter W A Wood
by
6.5k points

2 Answers

6 votes
The answer to your question is B. $14,400
User Marked As Duplicate
by
6.5k points
3 votes
B is the correct answer
User Greg Sherwood
by
6.9k points
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