math

Find the amount of compound interest earned in an account that opens with $21,000, earns 5.4% interest compounded daily, and is held for 15 years. Assume 360 days in a year. (Round your answer to the nearest cent.)

  1. 👍 0
  2. 👎 0
  3. 👁 105
  1. jerry simon invest $5000 in saving account that earns simple interest for three year. If the interest earn from the account is $600 find the rate

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    An investment of 25,000 earns interest at an annual rate of 8.4% compounded continuosly a. find the instantaneous rate of change of the amount in the account after years b. find the instantaneous rate of change of the amount in

    asked by John on January 22, 2017
  2. Algebra

    A mother wants to invest 8,000 dollars into her child's college fund. She invests a portion of the money into a CD account which earns 4% interest, and the remainder into a savings bond which earns 7% interest. If the total

    asked by Amber on June 1, 2014
  3. math

    A mother wants to invest $9,000.00 for her son’s future education. She invents a portion of the money in a bank certificate of deposit (Cd account) which earns 4% and the remainder in a saving bond that earns 7%. If the total

    asked by MARIAH on March 9, 2011
  4. Math help! Check my answers ASAP!

    1. Which graph most likely describes the distance a person walks in a 24-hour period? (1 point) a. Graph IV** b. Graph II c. Graph I d. Graph III 2. A car traveling at 25 mi/h accelerates to 48 mi/h over the first 5 seconds. It

    asked by Cutie Pie on March 14, 2017
  5. Algebra( check my answers)

    1. Juan deposited $200 in a savings account earning 3% interest over 2 years. What was the total amount of interest earned after 2 years? $12 $24 $120 ( my answer) $240 2. Mary borrowed $11,000 at 5% interest for 4 years. What was

    asked by Sara on September 19, 2014
  1. Algebra ASAP

    Suppose that $17,000 is invested in a savings account paying 5.1% interest per year. (a) Write the formula for the amount A in the account after t years if interest is compounded monthly. A(t) = (b) Find the amount in the account

    asked by Fay on August 3, 2015
  2. Math

    A bank offers two interest account plans. Plan A gives you 6% interest compound annually. Plan B gives you 13% annual simple interest. You plan to invest $2,000 for the next 4 years. Which account earns you the most interest (in

    asked by Tay on June 10, 2015
  3. Math

    Please help me and show an understanding please, so I see how to figure them out. Lee deposited $28,000 in an interest-bearing checking account that earns 3.5% interest compounded daily. Find the amount after 68 days. a.$183.16

    asked by Marc on February 20, 2015
  4. Math/Compound Interest

    1. Use the compound interest table to find the compound amount earned on a $5,900 deposit for 10 years at 10% compounded semiannually. _____________________________________ A. 9,610.45 b. 15,654.47 c. 3,710.45 d. 12,375.66 2.

    asked by Mac on February 19, 2015
  5. UOG

    An initial investment of $12,000 is invested for 2 years in an account that earns 4% interest compounded quarterly. Find the amount of mnoey in the account at the end of the period.

    asked by Amy on April 9, 2013
  6. alg. Compounding periods.

    a loan requires that the 4% interest be compounded monthly for 5 years. find the number of compounding periods. 48 60 10 20 ________________________________________ Yolanda deposited $11,000 in a savings account that earns 3.5%

    asked by Max on March 12, 2015

You can view more similar questions or ask a new question.