Nadine walked 1⁄4 of a mile, Janet walked 3⁄8 of a mile, and Perry walked 5⁄6 of a mile. Who walked the farthest? How much farth
2 answers:
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Answer: $6,120.86
Step-by-step explanation:
Formula to calculate the accumulated amount in n years (compounded daily) is given by :-
P= Initial amount
r= Rate of interest ( in decimal)
As per given , we ahve
P= $5300
r= 2.4%=0.024
n= 6 years
Put these values in formula , we get
Hence, there would be $6,120.86 in the account after 6 years.