Find the total amount in the compound interest account. $1510 is compounded daily at a rate of 8% for 7 years. Let 1 year 365
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Answer:
we CANNOT DIVIDE 3 with 6.
Step-by-step explanation:
Here,as given in the question:
Starting value = 6
Constant ratio = 1/3
Now, exponential function is obtained by the product of starting value and the constant ratio repeatedly.
⇒ f(x) = (Starting value) x (ratio)... x times
Now, we CANNOT DIVIDE 3 with 6 as it is in the power of x.
Hence, and