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Christine has $90 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much interest will she earn in 3 years?

Christine has $90 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much interest will she earn in 3 years?
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1 vote
Christine has $90 in a savings account. The interest rate is 5%, compounded annually.

To the nearest cent, how much interest will she earn in 3 years?

User Hegemon
by
8.0k points

1 Answer

4 votes

Answer: $13.5

Explanation:

90 x 5% = 4.5 x 3 = 13.5

User Verran
by
8.4k points
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