compound intrest

Question

if you placed $1 into an account that paid interest at a rate of 5% and compounded the interest dail6y, how much would that account be worth in 300 years?

Answer 1

300 years = 300*365.25=109575 days. 5% per annum=5/365% daily. Over 300 years $1 would accumulate to (1+5/36500)^109575=$3,299,382.75.