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 Derek has $34,891 in a savings account that earns 9% interest per year. To the nearest cent, how much interest will he earn in three years?

2 Answers

4 votes
First you would want to start by Putting the 9% over 100% and then put the 34,891 under x then cross multiply that will get you 100x= 314019. Divide the314019 by 100 and you should get 3140.19. that is the interest for 1 year and it is asking for 3 so you will need to times 3140.19 by 3. You
should get 9420.57 that is his interest for 3 years!
User Chiragjn
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7.7k points
3 votes

Answer:45184.86

Step-by-step explanation:34891x1.09x1.09x1.09= answer

User Pdenlinger
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