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Carson invested $850 in an account paying an interest rate of 5.7% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would b…

Carson invested $850 in an account paying an interest rate of 5.7% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would b…
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2 votes
Carson invested $850 in an account paying an interest rate of 5.7% compounded

daily. Assuming no deposits or withdrawals are made, how much money, to the
nearest dollar, would be in the account after 6 years?

asked
User Beebe
by
7.3k points

2 Answers

3 votes

Answer:

$850×5.7/100=48.45

850+48.45=898.45

898

answered
User Luca Rossi
by
8.8k points
4 votes

Answer: 1197

Explanation:

answered
User Couzzi
by
8.1k points
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