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3 years ago

12

Susan deposited $10 in a savings account earning 5% interest, compounding annually. to the nearest cent, how much interest will

she earn in 3 years?

1 answer:

Mrrafil [7]3 years ago

4 0

A=p(1+r)^t
A=10×(1+0.05)^(3)
A=11.6

Interest earned
11.6-10=1.6

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