Anne Deno invests $6,500 in a 1-year certificate of deposit that earns interest at an annual rate of 3.25
percent compounded daily. The amount per $1.00 is 1.033032. How much interest will she earn at the end
one year?

Question

08-02-2021
Mathematics

Answered

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Anne Deno invests $6,500 in a 1-year certificate of deposit that earns interest at an annual rate of 3.25
percent compounded daily. The amount per $1.00 is 1.033032. How much interest will she earn at the end
one year?

Sagot :

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