SOLUTION: I save £100. A bank account offers 5% interest per year. Given that interst is added daily, how much will I have after half a year? (Assume a year is 366 days).
Algebra.Com
Question 1173281: I save £100. A bank account offers 5% interest per year. Given that interst is added daily, how much will I have after half a year? (Assume a year is 366 days).
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.
duplicate.
Just answered under this link
https://www.algebra.com/algebra/homework/word/finance/Money_Word_Problems.faq.question.1173282.html
https://www.algebra.com/algebra/homework/word/finance/Money_Word_Problems.faq.question.1173282.html
RELATED QUESTIONS
I save £100. A bank account offers 5% interest per year. Given that interest is added... (answered by ikleyn,Solver92311)
If I have $4,000 in my savings account and the bank pays 4.5 INTEREST rate per year how... (answered by Math_Boss)
Recall that a formula bank account earning compound interest is
A=P(1+r/m)^mt - given
(answered by solver91311)
If you deposit $500 in a bank account that earns 6% per year, how much total interest... (answered by rfer)
NEED HELP ASAP PLEASE!!
A savings account starts with $600 and pays 5% interest per... (answered by solver91311)
4. You are planning to deposit $15,000 into a bank account at the end of each year for 5... (answered by Theo)
Jane invest £1500 in a bank account, which pays interest of 6.5% per annum
how much... (answered by Cromlix)
Hi there, I keep getting the wrong answer €6,235.10 to this question. What am I doing... (answered by Edwin McCravy)
Suppose $5,000 is divided into two bank accounts. One account pays 5% simple interest per (answered by stanbon)