If you deposit 10000 with bank south for one year how much


Bank North advertises, "We pay 6.50%, compounded daily." Bank South says, "We pay 6.50%, compounded continuously." If you deposit $10,000 with Bank South for one year, how much additional interest will you receive?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: If you deposit 10000 with bank south for one year how much
Reference No:- TGS02603219

Expected delivery within 24 Hours