How much compound interest is earned on a deposit of $1,500 at 0.5% compounded daily for 30

Question:

How much compound interest is earned on a deposit of $1,500 at 0.5% compounded daily for 30 days? Compound Interest
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. Thought to have originated in 17th century Italy, compound...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

Question Posted: