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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asked Jul 24, 2022 118k views

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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?

Mathematics
high-school

Hegemon asked

by Hegemon

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1 Answer

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Answer: $13.5

Explanation:

90 x 5% = 4.5 x 3 = 13.5

Verran answered Jul 29, 2022

by Verran

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