If you deposit $2000 into an account paying 6% annual interest, how much money will be in the account, after 5 years if it is compounded daily

$2,699.72

Step-by-step explanation:

Given that

The deposited amount is $2,000

The annual rate of interest is 6%

And, the time period is 5 years

We need to find out the amount that would be in the account in the case when it is compounded daily

So,

The following formula should be used

= Deposited amount × e^(rate, time period)

= $2,000 × e^(0.06,5)

= $2,000 × e^0.3

= $2,699.72

answer:   14

step-by-step explanation:          

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answer:

it is general formula that is used to write value to its excet position

a11 a12 a13

a21 a22 a23

it is the example of order 2 by 3 matrix in this

a11 means value occur in 1 st row 1st column

a12 means value occurs in 1st row 2nd column

a13 means value occur in 1st row and 3rd column

a21 means value occurs in 2nd row and 1st column

a22 means value occurs in 2nd row and in 2nd column

a23 means value occurs in 2nd row and in 3rd column