Asked by kathia
Asia Desai deposited $6,000 in a savings account that pays 5.5 percent interest compounded
daily. How much interest did she earn in 21 day
daily. How much interest did she earn in 21 day
Answers
Answered by
Reiny
i = .055/365 = .000150684
amount after 21 days
= 6000(1.000150684)^21= 6019.01
So what interest did she earn ?
amount after 21 days
= 6000(1.000150684)^21= 6019.01
So what interest did she earn ?
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