17. Use Figure 5.5. On March 20, Paul deposited $1,000 into his savings account that pays 5.5% interest
compounded daily. How much interest will the money earn by April 20?
a. $3.77
b. $4.68
C.$4.83
d. $4.98
8. On February 24, Larissa deposited $5,000 in a savings account that pays 5.5% interest compounded daily.
What will be the amount in her account on March 17?
a. $5,015.80
b. $5,031.30
c.$5,037.33
d.$5,039.80
