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if the daily balance of my account is $100 and the monthly interest is 90%, then what will my account balance be at in 10 years, starting at $7500

 Jun 10, 2014

Best Answer 

 #2
avatar+118723 
+5

If the daily balance of my account is $100 and the monthly interest is 90%, then what will my account balance be at in 10 years, starting at $7500

Okay, now I am looking properly.

I don't understand.  Is there $100 in the account at the beginning of $7500 ?

Could you please explain what those 2 amounts are?

Thank you.

 Jun 11, 2014
 #1
avatar+118723 
0

90% interest per month WOW I want my money in THAT account.  

Then again,  you know what they say; If it seems to good to be true than it probably is too good to be true.

My money is staying under the bed.  And, in 10 years, if my house hasn't burnt down and I have not been robbed I will have $100.

(don't worry I will look at giving you a proper answer.)

 Jun 11, 2014
 #2
avatar+118723 
+5
Best Answer

If the daily balance of my account is $100 and the monthly interest is 90%, then what will my account balance be at in 10 years, starting at $7500

Okay, now I am looking properly.

I don't understand.  Is there $100 in the account at the beginning of $7500 ?

Could you please explain what those 2 amounts are?

Thank you.

Melody Jun 11, 2014

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