section 5.3 is about compund interest

46. SAVINGS Accoums A11 amount of $1000 is deposited in a bank that pays 4% interesh'yoar compounded daily (take die number of days in a your to be 365]. Let on denote the: total amount on deposit after a days, assuming that no deposits or withdrawals are: made during the period in question. a. Find the formula for a". Hint: See Section 5.3. b. Compute at, um. um, and um. c. What amount is on deposit after 1 year