Tuesday, 12 June 2007
If I put $10,000 into a daily compounded interest savings account and the rate is %0.250...? -
How much money will it earn in interest in 1 year?|::::|0.250% per year compounded daily 0.250 / 365 = 0.0006849%/day 1.000006849^365 = 1.002503 $10,000 x 1.002503 = $10,025.03|::::|I am sure if you look online somewhere you can figure that out. look up interest calculator or something like that. Would that be 250 per year? good luck
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