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 ?

asked Sep 7, 2021 846 views

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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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Answer:

The final balance is $1,692.94.

The total compound interest is $392.94.

Explanation:

1,300 x 0.045=___ x 6

Dnxit answered Sep 13, 2021

by Dnxit

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