Compounded The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Time Principal $8000 Rate 3.5% daily 3 years A. Find how much money there will be in the account after the given number of years. (Assume 360 days in a year.) B. Find the interest earned. A. The amount of money in the account after 3 years is $. (Round to the nearest hundredth as needed.)
Compounded The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Time Principal $8000 Rate 3.5% daily 3 years A. Find how much money there will be in the account after the given number of years. (Assume 360 days in a year.) B. Find the interest earned. A. The amount of money in the account after 3 years is $. (Round to the nearest hundredth as needed.)
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 14PTTS
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