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3 years ago

Emmet has $90 in a savings account that earns 10% interest, compounded annually.

Mathematics

1 answer:

STatiana [176]3 years ago

3 0

Answer:

108.90

Step-by-step explanation:

You start with finding

⋅

You add the money and the interest to get

for the first year. However, the next year is different. It's compound interest, so you have to multiply

⋅

9.90

$ 9.90

= $ 108.90 The total would then be $

108.90 i think lol

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4 years ago

Read 2 more answers