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3 years ago

If you put $50 in a savings account that paid 10% compounded yearly, how much interest would you earn in 3 years?

Business

1 answer:

stepladder [879]3 years ago

4 0

Answer:

$66.55

Explanation:

10% of 50 = 5

55 in one year

10% of 55 = 5.5

60.5 in two years

10% of 60.5 = 6.05

66.55 in three years

Hope this helped

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