Question

Bentley invested $85,000 in an account paying an interest rate of 4.1% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 11 years?

Answer 1

I=PRT is the formula

Explanation:

Interest rate is 4.1%. Principal is $85,000. Time is 11 years. This means you need to find the Rate.

This is all I can help you with Good luck