Thursday

April 24, 2014

April 24, 2014

Posted by **sofi** on Sunday, May 20, 2012 at 10:48am.

let an denote the total amount on deposit after n days, assuming no deposits or withdrawals are made during the period in question

a. find the formula for an

b. compute a1, a10. a50 and a100

c. what amount is on deposit after 1 year?

- calculus -
**bobpursley**, Sunday, May 20, 2012 at 12:38pmcompounded daily?

an=1000(1+0.08/365)^t where t is in days.

for instance, after 100 days, put this in your google search window:

1000(1+0.08/365)^100=

**Related Questions**

calculus - Suppose $5000 is deposited in a bank account that compounds interest ...

math - I have been staring at this problem forever, and cant seem to dig it up ...

econ 181 - What isthe max amount of new loans that this bank can make? How will ...

Accounting - On Aug 14th, One of our Partner's ( Compuville ) cash book showed a...

Calculus :) - If 8000 dollars is invested in a bank account at an interest rate ...

math - Alicia Eastman deposited $2,000 in a savings account at the Biltmore ...

math - Alicia Eastman deposited $2,000 in a savings account at the Biltmore Bank...

math - Alicia Eastman deposited $2,000 in a savings account at the Biltmore Bank...

math - Alicia Eastman deposited $2,000 in a savings account at the Biltmore Bank...

Finance - Find the least amount that could be deposited in a bank account today ...