asked 130k views
0 votes
Damian invested $8,400 in an account paying an interest rate of 2% compounded

daily. Brayden invested $8,400 in an account paying an interest rate of 2%
compounded annually. After 8 years, how much more money would Damian have in
his account than Brayden, to the nearest dollar?

asked
User Mingxiao
by
7.4k points

1 Answer

5 votes

Answer:

$332

Explanation:

answered
User Krimson
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.