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Helen has $30 in a savings account that earns 10% interest, compounded annually. To the nearest cent, how much will she have in 2 years?

Helen has $30 in a savings account that earns 10% interest, compounded annually. To the nearest cent, how much will she have in 2 years?
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Helen has $30 in a savings account that earns 10% interest, compounded annually.

To the nearest cent, how much will she have in 2 years?

User Chris Ladd
by
8.7k points

1 Answer

13 votes

Answer:

100+10= 110

110/100= 1.1

30 X 1.1^2= 36.3

$36.30

Helen has $30 in a savings account that earns 10% interest, compounded annually. To-example-1
User Abela
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