Question

This question is financial algebra:
How much would be in an account if $2,000 was deposite earning 3%, compounded daily for
two years?

Answer 1

Answer:

$47,961

Step-by-step explanation:

There are 2(365) days in two years (assuming no leap year).

730 × 3% = 2190%

$2,000 × 2190% = $47,961