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Someone help meeeeeeeeeeee Edgar has $7,000 in an account that earns 15% interest compounded annually. To the nearest cent, how much interest will he earn in 3 years?
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Someone help meeeeeeeeeeee Edgar has $7,000 in an account that earns 15% interest compounded annually.

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

User Arthur Frankel
by
6.9k points

2 Answers

7 votes
The answer is 10,150
User Brian Dolan
by
7.8k points
11 votes

Answer:

10,150

Explanation:

Multiply 0.15 by 3

add 0.45 to 1.00

multiply 1.45 by 7000

User Peetya
by
7.1k points
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