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Mathematics, 17.04.2021 08:30 mhh92
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned.
Principal: $40,000
Rate: 7.5%
Compounded: daily
Time: 10 years
Group of answer choices
amount in account: $82,441.26; interest earned: $42,441.26
amount in account: $84,673.73; interest earned: $44,673.73
amount in account: $84,673.39; interest earned: $44,673.39
amount in account: $43,115.03; interest earned: $3115.03
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Answers: 1
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