AMOUNT PER $1.00 INVESTED AT 6% COMPOUNDED DAILY DayAmount Day Amount Day Amount 10 1.0016570 1.011571301.02160 20 1.0032980 1.013231401.02328 30 1.0049490 1.014901501.02496 40 1.006601001.016571601.02665 50 1.008251101.018251701.02834 60 1.009911201.019921801.03002 You opened a savings account with a deposit of $700 at 6% interest compounded daily. What was the amount in the account after 20 days if you made no other deposits or withdrawals?
AMOUNT PER $1.00 INVESTED AT 6% COMPOUNDED DAILY DayAmount Day Amount Day Amount 10 1.0016570 1.011571301.02160 20 1.0032980 1.013231401.02328 30 1.0049490 1.014901501.02496 40 1.006601001.016571601.02665 50 1.008251101.018251701.02834 60 1.009911201.019921801.03002 You opened a savings account with a deposit of $700 at 6% interest compounded daily. What was the amount in the account after 20 days if you made no other deposits or withdrawals?
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
ChapterP: Preliminary Concepts
SectionP.CT: Test
Problem 1CT
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Transcribed Image Text:AMOUNT PER $1.00 INVESTED AT 6%
COMPOUNDED DAILY
DayAmount Day Amount Day Amount
10 1.0016570 1.011571301.02160
20 1.0032980 1.013231401.02328
30 1.0049490 1.014901501.02496
40 1.006601001.016571601.02665
50 1.008251101.018251701.02834
60 1.009911201.019921801.03002
You opened a savings account with a deposit of $700 at 6% interest compounded daily. What was
the amount in the account after 20 days if you made no other deposits or withdrawals?
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