SOLUTION: I save £100. A bank account offers 5% interest per year. Given that interest is added daily, how much will I have after half a year? (Assume a year is 366 days).

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Question 1173282: I save £100. A bank account offers 5% interest per year. Given that interest is added daily, how much will I have after half a year? (Assume a year is 366 days).
Found 2 solutions by ikleyn, Solver92311:
Answer by ikleyn(52781) About Me  (Show Source):
You can put this solution on YOUR website!
.

    F = 100%2A%281%2B0.05%2F366%29%5E183 = £102.53.    ANSWER


Notice that  183 = 366%2F2.

Solved.


Answer by Solver92311(821) About Me  (Show Source):
You can put this solution on YOUR website!
Why did you post the same problem twice?