Question

Eddie deposits $1090 in an account that earns 6% interest compounded annually for 3 years. What is the total interest earned after 3 years? Round to the nearest cent.

A: 196.20
B: 208.20
C: 1286.20
D: 1298.20

Answer 1

Explanation:

Eddie deposits $1090 in an account that earns 6% interest compounded annually for 3 years. What is the total interest earned after 3 years? Round to the nearest cent.

A: 196.20

B: 208.20

C: 1286.20

D: 1298.20