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PLZ HELP !! Max deposited $1,300 into an account that pays 4.5% interest, compounded daily. At end of six years he has a balance of ?
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PLZ HELP !!

Max deposited $1,300 into an account that pays 4.5% interest, compounded daily. At end of six years he has a balance of ?

PLZ HELP !! Max deposited $1,300 into an account that pays 4.5% interest, compounded-example-1
User John Strickler
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1 Answer

1 vote

Answer:

The final balance is $1,692.94.

The total compound interest is $392.94.

Explanation:

1,300 x 0.045=___ x 6

User Dnxit
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