Mathematics
petey1232
19

Wanda opened a savings account 20 years ago with a deposit of $3,150.37. The account has an interest rate of 4.1% compounded daily. How much interest has Wanda earned?

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(1) Answers
TandraHylle407

take the interest rate and divided by 365 new interest ......> 0.041/365 = (0.0001123 ) if you need to know the future value = 3,150.37*(1.0001123^(20*365)-1) /0.0001123 = 230981.5216 do it again in your own 

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