Answer
$\$697.09$
Work Step by Step
According to the Compound Interest Formula, where $P$ is the principal, the amount deposited, $r$ is the annual interest rate, $n$ is the number of times the interest is compounded annually, $t$ is the number of years, $A$ is the amount you get back after $t$ years:
$A=P\cdot(1+\frac{r}{n})^{n\cdot t}$
Here we have:
$t=3\text{ years}$
$r=5\%=0.05$
$P=\$600$
$n=365$ (since it is compounded daily)
Substitute these values into the formula above to obtain:
$A=600\cdot(1+\frac{0.05}{365})^{365\cdot 3}\approx \$697.09$
