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17-11-2020
Mathematics

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Juan has $90 in a savings account that earns 10% interest, compounded annually. To the nearest cent, how much will he have in 3 years?

Respuesta :

18-11-2020

Answer:

Juan will earn $29.79

Step-by-step explanation:

Juan has 90 dollars in the savings account, and gets 10% interest. So you do 90 * 1.1, which is 99, then do 99 * 1.1, which is 108.9, and then finally you do 108.9 * 1.1 and you get $119.79.

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