The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal $7500 Compounded daily Rate Time 8.5% 2 years A. Find how much money there will be in the account after the given number of years. (Assume 360 days in a year.) B. Find the interest earned. A. The amount of money in the account after 2 years is $ (Round to the nearest hundredth as needed.)
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
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Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
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![The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.
| Principal | Rate | Compounded | Time |
|-----------|-------|------------|--------|
| $7500 | 8.5% | daily | 2 years|
A. Find how much money there will be in the account after the given number of years. (Assume 360 days in a year.)
B. Find the interest earned.
A. The amount of money in the account after 2 years is $[ ].
(Round to the nearest hundredth as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8e468489-9d99-4458-ad67-a4d20699e774%2F2e07cdd0-e76b-41cf-9ef2-9541ea307493%2Fdeg087d_processed.jpeg&w=3840&q=75)
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