amanda4113 amanda4113

31-03-2020
Mathematics

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You deposit $1500 in an account that pays 7% annual interest. Find the balance after 2 years when the interest is compounded daily.

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vlogsRus09 vlogsRus09

31-03-2020

A = $ 1,721.28

A = P + I where

P (principal) = $ 1,500.00

I (interest) = $ 221.28

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