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Dakota deposited $500 in an account earning 10% interest compounded annually. To the nearest cent, how much interest will she earn in 3 years?

Dakota deposited $500 in an account earning 10% interest compounded annually. To the nearest cent, how much interest will she earn in 3 years?
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Dakota deposited $500 in an account earning 10% interest compounded annually.

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

User Nack
by
7.2k points

1 Answer

14 votes

Answer:

After 3 years, Dakota will have $674.09 total.

User Simon Steele
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