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The following money market account rates were available from a particular bank. Find the compound amount and the interest earned.\$8000 at 1.14% compounded daily for one year.

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解答

Thefollowingmoneymarketaccountrateswereavailablefromaparticularbank.Findthecompoundamountandtheinterestearned.$8000at1.14%compoundeddailyforoneyear.

解答

Interest:91.72
求解步骤
Translate the problem into an equation:8091.72=8000+I
求解 I,8091.72=8000+I:I=91.72
Interest:91.72

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