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 844 views

4 votes

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 ?

5.5k points

Please log in or register to add a comment.

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

Dnxit answered Sep 13, 2021

by Dnxit

5.1k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.0m questions

7.8m answers