zakariyaalward zakariyaalward

26-02-2019
Mathematics

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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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BrainyBeauty1217 BrainyBeauty1217

04-03-2019

50×(0.10)×3

= 0.05 or 5%

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