Day AmountDayAmountDay Amount10 1.0016570 1.01157 1301.0216020 1.00329 80 1.013231401.0232830 1.0049490 1.014901501.0249640 1.00660 100 1.01657 160...

90.2K

Verified Solution

Question

Basic Math

image

Day AmountDayAmountDay Amount10 1.0016570 1.01157 1301.0216020 1.00329 80 1.013231401.0232830 1.0049490 1.014901501.0249640 1.00660 100 1.01657 160 1.0266550 1.00825 110 1.01825 170 1.0283460 1.009911201.01992180 1.03002You opened a savings account with a deposit of $2,500 at a 6% interest rate compounded daily. True or False: The amount in the account after 80 days if you made no other deposits or withdrawals is$2,335.08.TrueFalse

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students