Math, asked by krishnasahu9937, 4 months ago

1,00,000 in a 5 year . find amount per day

Answers

Answered by Braɪnlyємρєяσя

Step-by-step explanation:

To calculate daily compounding interest, divide the annual interest rate by 365 to calculate the daily rate. Add 1 and raise the result to the number of days interest accrues. Subtract 1 from the result and multiply by the initial balance to calculate the interest earned.

Answered by HorridAshu

Step-by-step explanation:

To calculate daily compounding interest, divide the annual interest rate by 365 to calculate the daily rate. Add 1 and raise the result to the number of days interest accrues. Subtract 1 from the result and multiply by the initial balance to calculate the interest earned.

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