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Find the Interest Earned

Question 12

Multiple Choice

Find the interest earned. Assume Find the interest earned. Assume interest compounded daily, as in the following table, and use the exact number of days. Round to the nearest cent. -Amount: $2,200 Deposited: Jan 27 Withdrawn: Apr 5 A) $21.30 B) $21.94 C) $2,214.39 D) $14.39 interest compounded daily, as in the following table, and use the exact number of
days. Round to the nearest cent. Find the interest earned. Assume interest compounded daily, as in the following table, and use the exact number of days. Round to the nearest cent. -Amount: $2,200 Deposited: Jan 27 Withdrawn: Apr 5 A) $21.30 B) $21.94 C) $2,214.39 D) $14.39
-Amount: $2,200
Deposited: Jan 27
Withdrawn: Apr 5


A) $21.30
B) $21.94
C) $2,214.39
D) $14.39

Correct Answer:

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