An elite private college receives large donations from successful alumni. The account that holds these donations has $955,000 currently. How much would the account earn in one year of simple interest at a rate of 5.33%?

How much would the account earn in one year at 5.33% if the interest was compounded daily? Round to the nearest cent.

How much more interest is earned by compounded daily as compared to simple interest?

Step-by-step explanation:

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step-by-step explanation:

step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )