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Jared has 80 in a savings account that carns 10% interest, compounded annually. To the nearest cent, how much will be have in 3 years?
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11 votes
Jared has 80 in a savings account that carns 10% interest, compounded annually.

To the nearest cent, how much will be have in 3 years?

User Oliver Mahoney
by
6.9k points

1 Answer

14 votes

Answer:

$106.48

Explanation:

use the compound interest formula at the top of the image

Jared has 80 in a savings account that carns 10% interest, compounded annually. To-example-1
User Radyz
by
8.1k points
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