An amount of $1800 is deposited for 7 years in an account that earns 7% interest. (Round your answers to two decimal places.)
(a) Calculate the simple interest earned.
(b) Calculate the interest earned if interest is compounded daily.
(c) How much more interest is earned on the account when the interest is compounded daily?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here