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

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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(39626) About Me  (Show Source):
You can put this solution on YOUR website!
If 365 days in one years, then for p amount initial deposit:
p%281%2B0.03%2F365%29%5E%2812%2A365%29=1720
p=1200