SOLUTION: Maxine deposited $2,000 into an account that pays 2.5% interest compounded daily. At the end of six months she has earned $25.16 in interest. True or false?

SOLUTION: Maxine deposited $2,000 into an account that pays 2.5% interest compounded daily. At the end of six months she has earned $25.16 in interest. True or false?

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Question 1027735: Maxine deposited $2,000 into an account that pays 2.5% interest compounded daily. At the end of six months she has earned $25.16 in interest. True or false?
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
True.
==> Interest is $2025.16 - $2000 = $25.16.
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