Mathematics, 26.05.2021 03:00, zfismael

The beginning balance of Cooper's savings account for the month of September was $5700, and it remained this way for the first 11 days of the month. On September 12, Cooper made a withdrawal of $900, so his balance changed, and it remained the same for a total of 9 days. On September 20, Cooper made a deposit of $1100, so his balance changed again, and it remained the same for a total of 10 days to finish out the month. Cooper's savings account has an APR of 3.65%, calculates interest daily, and pays interest at the end of the month. Cooper wants to calculate the amount he earned in interest during the month of September. Part I: What interest rate does Cooper's savings account pay per day?

Part II: How much did Cooper earn in interest during the first 11 days of September?

Part III: How much did Cooper earn in interest during the next 9 days of September?

Part IV: How much did Cooper earn in interest during the last 10 days of September?

Part V: How much did Cooper earn in interest during the month of September?

Answers: 2

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The beginning balance of Cooper's savings account for the month of September was $5700, and it remai...