2 years ago

Jason deposited $18 000 in a bank that offers an interest rate of 5% per annum compounded

Mathematics

1 answer:

8_murik_8 [283]2 years ago

3 0

Answer:

$1995.97.

Step-by-step explanation:

Amount in bank after 20 days =

18000(1 + 0.05/365)^20

= $18049.38

So H = 18049.38 - 16093.41

= $1995.97.

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