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Home Q & A Board Science-Related Homework Help Mathematics
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PiMaster314 PiMaster314
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4 years ago
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.  Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned.

A = PntP = A = PertY = n - 1

Principal: $30,000
Rate: 7.5%
Compounded: daily
Time: 20 years

▸ amount in account: $134,430.77; interest earned: $104,430.77

▸ amount in account: $127,435.53; interest earned: $97,435.53

▸ amount in account: $32,336.27; interest earned: $2336.27

▸ amount in account: $134,429.67; interest earned: $104,429.67
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Thinking Mathematically

Thinking Mathematically


Edition: 6th
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DoggggDogggg
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4 years ago
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PiMaster314 Author
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4 years ago
this is exactly what I needed
veronee_madison
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Yesterday
Thank you, thank you, thank you!
TheMoffattMan
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2 hours ago
Helped a lot
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