I keep getting this kind of question wrong by a few numbers. The answers to this one were 4945.99 and 1945.99 and I got 4941.02 and 1941.02 A deposit of $3000 earns 5% annual interest. Find the amount in the account at the end of 10 years and the amount of interest earned during the 10 years if the interest is compounded da= P(1 + - -) ™²0Choose the correct formula from A = Por A = PetThe amount in the account at the end of 10 years is $ 4945.99 if the interest is compounded daily.(Round to two decimal places as needed.)The amount of interest earned during the 10 years is $ 1945.99(Type an integer or decimal rounded to two decimal places as needed.)C

Given: Principal =$3000 Rate of interest r=5% r=0.05…

A deposit of $3000 earns 5% annual interest. Find the amount in the account at the end of 10 years and the amount of interest earned during the 10 years if the interest is compounded da nt MA-P[1+)" Choose the correct formula from A = P or A= Pet The amount in the account at the end of 10 years is $ 4945.99 if the interest is compounded daily. (Round to two decimal places as needed.) The amount of interest earned during the 10 years is $ 1945.99 (Type an integer or decimal rounded to two decimal places as needed.) C

A deposit of $3000 earns 5% annual interest. Find the amount in the account at the end of 10 years and the amount of interest earned during the 10 years if the interest is compounded da nt MA-P[1+)" Choose the correct formula from A = P or A= Pet The amount in the account at the end of 10 years is $ 4945.99 if the interest is compounded daily. (Round to two decimal places as needed.) The amount of interest earned during the 10 years is $ 1945.99 (Type an integer or decimal rounded to two decimal places as needed.) C

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter9: Sequences, Probability And Counting Theory

Section: Chapter Questions

Problem 30RE: The twins Sarah and Scott both opened retirement accounts on their 2lst birthday. Sarah deposits...

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