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30-07-2022
Mathematics

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What is the compound interest on 2500 at 6.75 percent compounded daily for 20 days

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lolifat00 lolifat00

30-07-2022

Answer:

There for the interest on 2500 will be 93

Step-by-step explanation:

A = 2500(1+0.675/365)^0.055

A = 2500(1.0018)^0.055

A = 2500(1.037)

A = 2592.5

To find how much interest on 2500 = 2593-2500 = 93

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