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Maddelein deposited $750 into an investment account that earns 1.5% daily compounded interest after year how much money will be in the account

Respuesta :

carsonhoskins2009

1285.37

You can use the formula for compound interest:  

P(1+R)^t

P = the principle, the amount of money

(1+R) = the rate, (%) as a decimal plus 1

^t = to the power of the number of years

Substitute the values:

750(1+0.08)^7

750(1.08)^7

1285.37

Step-by-step explanation:

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