Bob Kashir deposited $6000 in a 4-year certificate of deposite paying 5% compounded daily.He withdrew the money 15 months later.The passbook rate at his bank is 3.5 % compounded daily.Find his amount of interest
Bob receives 15-3 = 12 months of 3.5 % interest compounded daily
M=P(1+i/365)^365n
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