Lloyd opened a savings account 13 years ago with a deposit of $5,003.86 the account has an interest rate of 3.7% compounded daily. how much interest has lloyd earned? 5,189.00 8,024.70 3,090.64 8,094.50

Option C is the $3,090.64

Step-by-step explanation:

Lloyd opened a savings account 13 years ago with a deposit of $5,003.86 the account has an interest rate of 3.7% compounded daily.

Means p = 5003.86

r = 3.7% or 0.037

t = 13

n = 365 (assuming there are 365 days in a year)

=>

A = $8094.09

Interest earned = dollars

This is closest to option C, hence, option C is the answer.

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$6.42

step-by-step explanation: