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Tiana deposited $60 in an account earning 10% interest compounded annually. To the nearest cent, how much will she have in 3 years
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Tiana deposited $60 in an account earning 10% interest compounded annually.

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

User Mike Mooney
by
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1 Answer

4 votes
The answer would be
79.86 $
60 x 10% = 6
6 + 60 = 66
66 x 10% = 6.6
6.6 + 66 = 72.6
72.6 x 10% = 7.26
7.26 + 72.6 = 79.86
User TwiggedToday
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