find the amount in the compound interest account

1730 is compound daily at a rate of 12% for 5 years. Let 1 year = 365 days
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12% per annum is 12/365% a day or 12/36500=0.0003287 approx.

The growth factor is 1.0003287^(5*365)=1.8219 approx.

Therefore 1730 grows to 3151.95, that is, 1421.95 interest.
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