The compound interest formula is : 
where, A= Future value including the interest,
P= Principle amount, r= rate of interest in decimal form,
t= number of years and n= number of compounding in a year
Here, in this problem P= $ 51,123.21 , t= 20 years and 2 months
So, t= 20 + (2/12) years
t= 20 + 0.17 = 20.17 years
As the amount is compounded daily, so n= (12×30)= 360 [Using the traditional Banker’s rule of 30 days per month]
Thus, 
When the interest rate is given, then we can use this equation for finding the future value.
I think it’s answer B. Because % to decimal is 6.14% divided by 100 so the decimal would move to the left two places which in 0.0614
I now completely sure but I think that’s right
Answer:
100+3, a hundred three.
Step-by-step explanation:
Answer:
10 years ago
Step-by-step explanation:
Let x be the number of years ago
x years ago,
Sonu's grandmother was 80 - x
Sonu was 20 - x
x years ago,
the grandmother was 7 times as old as Sonu
80 - x = 7(20 - x)
80 - x = 140 - 7x
6x = 60
x = 10