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Ernesto has $70 in a savings account that earns 10% interest, compounded annually. To the nearest cent, how much will he have in 2 years?

Ernesto has $70 in a savings account that earns 10% interest, compounded annually. To the nearest cent, how much will he have in 2 years?
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3 votes
Ernesto has $70 in a savings account that earns 10% interest, compounded annually.

To the nearest cent, how much will he have in 2 years?

User Evan Meagher
by
7.2k points

1 Answer

2 votes

Answer:

300

Explanation:

User Sourcey
by
7.7k points
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