Sadie has $50 in a savings account that earns 10% interest, compounded annually. To the nearest cent, how much will she have in 3 years?

asked Jul 7, 2021 30.1k views

1 vote

Sadie has $50 in a savings account that earns 10% interest, compounded annually.

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

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3 votes

Answer:

$15

Explanation:

$50 x 10% or $50 x .10 = 5

$5 compound x 3 years =$15 for 3 years

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