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Amber deposits $6,000 in an account that pays 5.5% interest compounded daily. How much interest will she earn in 33 days?

Amber deposits $6,000 in an account that pays 5.5% interest compounded daily. How much interest will she earn in 33 days?
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Amber deposits $6,000 in an account that pays 5.5% interest compounded daily. How much interest will she earn in 33 days?

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User Burunoh
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1 Answer

5 votes
A = P (1 + r/n) (nt) use this formula. Plug the numbers in. Then do Pemdas meaning parethesis first
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User Black Horus
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