maxine deposited $1000 into an account that pays 4.5% interests, compounded daily. at the end of six months, she has earned $12 in interests true or false?
You have to first change the percent to a decimal form, then you multiply 1000 x 0.045 x 0.5 = 22.5. Don't forget time is always in years or decimal form. Your answer would be False.
