Ask Question
22 May, 04:18

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?

+4
Answers (1)
  1. 22 May, 06:15
    0
    A=p (1+r) ^t

    A=10 * (1+0.05) ^ (3)

    A=11.6

    Interest earned

    11.6-10=1.6
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Susan deposited $10 in a savings account earning 5% interest, compounding annually. to the nearest cent, how much interest will she earn in ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers