Question

Dakota deposited $500 in an account earning 10% interest compounded annually,

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

Answer 1

he will get 150$

Explanation:

you times 500 to 0.1 then times that by 3

Answer 2

$150 worth of interest. 500x.10 is 50, annually for one year. In 3 years, it will be 50x3 which is 150