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

asked Jun 21, 2023 106k views

2 votes

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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1 vote

Answer:

he will get 150$

Explanation:

you times 500 to 0.1 then times that by 3

Jian Guo answered Jun 22, 2023

8.5k points

8 votes

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