Jacob has $30 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much interest will he earn in 3 years?

asked Jan 7, 2020 8.5k views

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Jacob has $30 in a savings account. The interest rate is 5%, compounded annually.

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

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2 votes

Answer:

450

Explanation:

but I can't explain you the answer because I understand but I can't

Joel Guerra answered Jan 11, 2020

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