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18 November, 04:50

3. To the nearest cent, how much interest will he earn in 3 years? Dan has $50 in a savings account. The interest rate is 10%, compounded annually. To the nearest cent, how much interest will he earn in 3 years?

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  1. 18 November, 06:21
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    50 * (0.10) * 3

    = 0.05 or 5%
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