Help:)

Given:

Principal value = $1500

Rate of interest = 7% per annum compounded daily

Time = 2 years.

To find:

The amount after 2 years.

Solution:

Formula for amount:

Where, P is principal, r is the rate of interest in decimals, n is the number of time interest compounded in an year and t is the number of years.

We know that 1 year is equal to 365 days and the interest compounded daily. So, n=365.

Substituting in the above formula, we get

Using calculator, we get

The amount after two years is $1,725.39. Therefore, the correct option is (c).

hello i am doing good for you that it's summer in your country or state ; )

btw in my country we just have sun and rain as (because i live in the caribbean lol)

also, thx a lot for the points : )

step-by-step explanation:

the answer is 89 d

i took the test