Question

Franklin Credit Union pays 5% interest, compounded daily, from the date of deposit to the date of withdrawal. The daily interest rate (to the nearest millionths place) for January 14 (90 days in the quarter) on this account is:
0.000147.
0.000139.
0.000156.
0.000128.
None of these choices are correct.

Answer 1

any idea ?

Answer 2

do uk whut we do 1st ?

Answer 3

@sausage