Answer
$789.24
Work Step by Step
We know the following equation:
$$A=P(1+ \frac{r}{n})^{nt}$$
Where:
P is the principle.
A is the amount of interest.
r is the rate, expressed as a decimal.
t is the time, in years.
n is the number of times the interest is compounded per year.
Thus, we obtain:
$$A=700(1+ \frac{.06}{365})^{365*2}\\ A= 789.24$$
