On February 1 (in a non-leap year), Raul Avila deposited $10,000 in a savings account that pays 5.5
percent interest compounded daily. On June 21, how much interest had been earned on the principal
in the account?

Question

Aaliyahmendez2002idn Aaliyahmendez2002idn

31-01-2021
Mathematics

Answered

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On February 1 (in a non-leap year), Raul Avila deposited $10,000 in a savings account that pays 5.5
percent interest compounded daily. On June 21, how much interest had been earned on the principal
in the account?

Sagot :

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