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The formula for this equation?

x starts with a 1000$

He gains 2.33 daily for 5/7 days a week.

How much did he gain after a year?

Update:

2.33% that is.

2 Answers

Relevance
  • 4 years ago
    Favorite Answer

    The average number of calendar days in a calendar year is 365.2425, so we have:

    $1000 * (1 + (2.33/100))^(365.2425 * 5/7)

    = $1000 * (1 + 0.0233)^260.8875

    = $1000 * 1.0233^260.8875

    =~ $407,052.96

  • ?
    Lv 7
    4 years ago

    (5/7)*2.33*365 = $607.46

    Sum = $1607.46

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