Mary made a deposit of 600 dollars into a bank account at 5.5% compounded daily. How long (in years) will it take the 600 to accumulate to $789.90204?
I found the answer of this question to be 5 years.
Part b asks: How much interest is earned over the investment period?
Would that just be the Final value minus initial value? So 789.90204 - 600.