Register
(NO LINKS) How much compound interest is earned on a deposit of $6000 at 2.25%, compounded daily for 22 days?
64.9k views
1 vote
(NO LINKS)

How much compound interest is earned on a deposit of $6000 at 2.25%, compounded daily for 22 days?

User Biggdman
by
7.8k points

2 Answers

2 votes
Yup you need to know the difference between compound and simple and it will
Just have to plug in and boom easy !! Good luck in the future try looking up how to solve it will make life easier
User Michal Drozd
by
7.5k points
0 votes

Answer:

Total: $9,789.13

Interest: $3,789.13

Explanation:

User Yekver
by
7.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.3m questions

10.9m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!