Question

Emmett deposited $90 in an account earning 4% interest compounded annually.

To the nearest cent, how much INTEREST will he earn after two years? (Hint: You are finding the interest, not the total amount in the account.)
Responses

$7.34


$97.34


$10.34


$90.00

Answer 1

7.34

Explanation:

Is your math teacher in K12 Mrs Stucker?

Answer 2

$7.34, think about it this way if you round it up to $100, 4 dollars interest annually for 2 years that will be $8 after those 2 years, now bring it down to $90 and just know it will be a bit less than $8 leading to the $7.34 response