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3 years ago

9

3. To the nearest cent, how much interest will he earn in 3 years? Dan has $50 in a savings account . The interest rate is 10%,

compounded annually. To the nearest cent, how much interest will he earn in 3 years?

1 answer:

dlinn [17]3 years ago

5 0

50×(0.10)×3

= 0.05 or 5%

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