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

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

User Kord
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2 Answers

4 votes

Answer:

21 because 10% of 70 is 7 so 7 x 3 is 21

Explanation:

User Josh Hemann
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8.3k points
4 votes
21, 10 percent of 70 dollars is 7 dollar time 3 years its 21
User Franco Torres
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8.2k points
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