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?

asked Feb 8, 2022 27.1k views

21 votes

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?

4.9k points

Please log in or register to add a comment.

13 votes

Answer:

100+10= 110

110/100= 1.1

30 X 1.1^2= 36.3

$36.30

Abela answered Feb 12, 2022

by Abela

4.9k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.2m questions

6.8m answers