SOLUTION: Angela deposited some money in a bank account earning 3% annual interest, compounded daily. Twelve years later, there was $1,720 in the account. How much money did Angela originall
Algebra.Com
Question 1158726: Angela deposited some money in a bank account earning 3% annual interest, compounded daily. Twelve years later, there was $1,720 in the account. How much money did Angela originally deposit?
Answer by josgarithmetic(39627) (Show Source): You can put this solution on YOUR website!
If 365 days in one years, then for p amount initial deposit:
RELATED QUESTIONS
Hi, I am having a hard time trying to resolve this problem
Donna deposited some money... (answered by checkley71)
IF you put 4,000 in a bank account earning 2.5%interest compounded mothly( twelve times a (answered by stanbon,checkley71)
Mr. Hall had some money in his bank earning 3.5% simple interest. He had $7000 more... (answered by mananth)
While going through some items of his dead grandmother, Deigo discovers that she... (answered by rfer)
Raul deposited $3000 into a bank account that earned simple interest each year. After 3.5 (answered by Boreal)
20. Find the amount of money in an account after 12 years if $12,500 is deposited at... (answered by jim_thompson5910)
Tammy deposited $50 in a savings account earning 10% interest, compounded annually.
To (answered by ewatrrr)
1.If you need $20000 six years from now, what is the minimum amount of money you need to... (answered by ikleyn)
a credit union client deposits $1800 in an account earning 3% interest, compounded daily. (answered by jim_thompson5910)