asked 217k views
1 vote
Carter invested $3,900 in an account paying an interest rate of 3. 9% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 5 years?

asked
User Joan
by
7.4k points

2 Answers

8 votes

Answer: 4700

Step-by-step explanation:

answered
User Henry Clayton
by
8.9k points
8 votes

$822.18 is how much earned interest so add $3,900 and you get $4,722.18

answered
User Montaldo
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.