Fatima deposits $600 in an account that pays 3.65% annual interest compounded daily. Use the fact that there are approximately 3

Question

3 years ago

10

Fatima deposits $600 in an account that pays 3.65% annual interest compounded daily. Use the fact that there are approximately 3

65 days is a year.
Which equation represents the account balance A after t years?
A=600⋅(1.0365)^365t

A=600⋅(1.0365)^12t

A=600⋅(1.0001)^365t

A=600⋅(1.0001)^t

Mathematics

1 answer:

seropon [69] · Answer 1 · 2022-02-19T13:19:25+03:00

seropon [69]3 years ago

3 0

A=600⋅(1.0001)^365t
,,,,,,,,,,,,,,,,,,,