Given:
[tex]\begin{gathered} \text{Principal (P)= \$22000} \\ \text{Rate of interest= 8\%} \\ n=29\text{ years} \end{gathered}[/tex][tex]\begin{gathered} \text{Amount in the account after 9 years=}P(1+\frac{r}{365})^{365\times n} \\ =22000(1+\frac{8}{100\times365})^{365\times29} \\ =22000(1+0.0002)^{10585} \\ =22000(8.3044) \\ =\text{ \$182696}.80 \end{gathered}[/tex]Amount in the account after 29 years is $182696.80
