# math

Good day to you.
How can I approach this math problem.

"To save for a child's education, the Petersens deposited \$2500 into an account that pays 6% annual interest compounded daily. Find the amount of interest earned on this account over a 20-year period".

I try solving with the formula:
A=(1+ i/m)^mt. m = 365; but cannot arrive at the correct answer.
Thanks.

1. 0
2. 0
3. 10

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