Anonymous

Carl put $450 in a savings account at 2.5 percent interest, compounded daily. How much money will he have in a year? $461.39

Anonymous

Method 1 A = 450(1+2.5/36500)^365 = $461.39 Method 2 As the interest is being almost continuously compounded A = 450*e^(0.025) = $461.39

Anonymous

nothing after buying food and all things like that

Anonymous

Interest compounded daily A = P(1+(r/365))^(365n) r is annual rate as a decimal P is principle n is number of years A is present value A = 450(1+(0.025/365))^(365) A = 461.39