calculate compound interest using the formula a=p(1+ (r/n))^nt where a is the amount in the account after interest is added, p is the initial amount in the account, r is the annual rate of interest, n is the number of times interest is compounded, and t is the number of years the account is open.

after one year, $17 of interest is acquired because the annual rate is 1.7%. the interest is compounded daily, so what is the final equation? 1.7 divided by .274% (the percent each day is in a year) doesn't provide the right data for the equation to equal 1017.

1017 = 1000(1+(r/n))^n1