Question

HELP ME PLEASE! (25 POINTS!)

Destiny has $60 in a savings account that earns 3% interest, compounded annually.
To the nearest cent, how much interest will she earn in 2 years?

Answer 1

Explanation:

$60 * 3% = $1.80

y = 1.80x + $60

12 * 2 = 24

24 = x

y = 1.80(24) + $60

y = $43.20 + $60

y = $103.20