The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate principal = 2500$ rate 2.6% compounded daily time 4.5 years . Find how much money there will be in the account after the given number of years ( assume 365 days in a years
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The interest rate is given as 2.6%. To convert it to a decimal, divide it by 100. 2.6% / 100 = 0.026 Show more…
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