Question

Quinn invests $7500 at a bank that offers a 5.5% annual interest rate compounded daily.

If t represents time in years, which expression represents the approximate amount of money in the account?

Answer 1

A.7500(1.00015)^t
B. 7500(1.00015)^3615t
C. 7500(1.55)^t
D. 7500(1.55)^365t

Answer 2

pleaseeeee help

Answer 3

i = 5.5% = 0.055
Mn = Mo (1 + i)^n
Mn = 7500 (1 + 0.055)^t
Mn = 7500 (1.055)^t

Answer 4

thanks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!