Prealgebra (7th Edition)

Published by Pearson
ISBN 10: 0321955048
ISBN 13: 978-0-32195-504-3

Chapter 7 - Section 7.6 - Percent and Problem Solving: Interest - Exercise Set - Page 519: 28

Answer

$2983.52$

Work Step by Step

$2000(1+\frac{0.08}{365})^{365 \times 5}$ $2000(1.000219178)^{1825}$ $2983.51818$
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.