The amount of money in the account after 2.5 years is (Round to the nearest cent as needed.) Part 2 b. Find the interest earned.
The amount of money in the account after 2.5 years is (Round to the nearest cent as needed.) Part 2 b. Find the interest earned.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
| Principal | Rate | Compounded | Time |
| $2500 | 2.6% | daily | 2.5 years |
a. Find how much money there will be in the account after the given number of years. (Assume 365 days in a year.)
The amount of money in the account after 2.5 years is
(Round to the nearest cent as needed.)
Part 2
b. Find the interest earned.
The amount of interest earned is ?
(Round to the nearest cent as needed.)
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