The fancy restaurant Mackenzie atel at was having asale so her dinner was 80% of the original cost. Theoriginal cost of her dinn
1 answer:
You might be interested in
We know the compound interest formula is given by
Now, we have been given that 24,000 is invested for 2 years with an APR of 6% and daily compounding. Thus, we have
On substituting these values in the above formula for the compound interest, we get
Therefore, the balance in the account after 2 years is 27059.7