Ask Question
15 March, 14:56

Susan deposited $10 in a savings account earning 5% interest, compounding annually. to the nearest cent, how much interest will she earn in 3 years?

+4
Answers (1)
  1. 15 March, 15:31
    0
    A=p (1+r) ^t

    A=10 * (1+0.05) ^ (3)

    A=11.6

    Interest earned

    11.6-10=1.6
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Susan deposited $10 in a savings account earning 5% interest, compounding annually. to the nearest cent, how much interest will she earn in ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers