Answer:
$697.09
Explanation:
The computation of the investment after 3 years is shown below:
As we know that
Amount = Present value × (1 + rate)^number of years
= $600 × (1 + 0.05 ÷ 365)^365× 3
= $697.09
Hence, the investment after 3 years is $697.09
We simply used the above formula to determine the investment