Question

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

Answer 1

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