Question

Asked Oct 26, 2019

64 views

step by step please, i believe this is the compound interest formula

Step 1

Given,

The initial deposit (P) = $10000

The account worth (A) = $15000

The interest is compounded daily n = 365 days

Time (t) = 6 years

Step 2

Formula used:

Compound interest formula for the interest rate (r):

Step 3

Therefore...

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