An elite private college receives large donations from successful alumni. The account that holds these donations now has $955 million. How much would the account earn in 1 year of simple interest at a rate of 2.33%? Round to the nearest cent.

An elite private college receives large donations from successful alumni. The account that holds these donations now has $955 million. If the money is used to pay full scholarships, and the price of tuition is$61,000 per year, how many more students each year can receive full 4-year scholarships if the interest were compounded daily rather than using simple interest?

An elite private college receives large donations from successful alumni. The account that holds these donations has $955,000,000 currently. If the money is used to pay full scholarships, and the price of tuition is$61,000 per year to attend, how many more students can receive full four-year scholarships if the interest was compounded daily rather than using simple interest?

Businesses deposit large sums of money into bank accounts. Imagine an account with $10 million in it. How much would the account earn in 1 year at 2.12% if the interest was compounded daily? Round to the nearest cent.

Businesses deposit large sums of money into bank accounts. Imagine an account with $10 million in it. How much more interest is earned by interest compounded daily compared to simple interest?

Businesses deposit large sums of money into bank accounts. Imagine an account with $10 million in it. How much would the account earn in 1 year of simple interest at a rate of 2.12%? Round to the nearest cent.