June 2, 2023
Sec. 2.4
Compound Interest
June 2, 2023
June 2, 2023
June 2, 2023
I = x* .044 * 1
June 2, 2023
$4202.50
June 2, 2023
$3060.30
June 2, 2023
I = x(.05)(1/365)
June 2, 2023
First day: The balance after the withdraw and deposit was $1068.98. Compounded for that day was
$1069.02
Second day: The balance after the deposit was $1414.79. Compounded for that day was $1414.84
$976.33
June 2, 2023
Homework Worksheet
Page 29 - 30
Do 1, 2, 3, 6, 7, 9,12, 13, 17