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HELP! Jennifer's bank computes 4 and 1/4 percent interest on a daily basis.
He had $1,250 in the account...? for 20 days. He makes a deposit of $50 and it is in the account for 10 days. He withdraws $300 and the balance earns interest for 8 days. How much interest does he earn? What is the amount in the account at the end of the month?
2) Nardo deposited $350 into a regular savings account that earns 6.5 percent interest compounded semiannually. He made no other deposits or withdrawals. What was his amount in the account at the end of 1 year?
PLEASE explain to me/show your work! Thanks =
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