contestada

Christopher deposited $1 in a savings account earning
10% interest, compounded annually.
To the nearest cent, how much interest will he earn in 3
years?

Use the formula B = p(1 + r)t, where B is the balance (final
amount), p is the principal (starting amount), r is the
interest rate expressed as a decimal, and t is the time in
years.​

Respuesta :

philaeagles14

Answer: He would have $1.33 after 3 years glad to help please mark brainliest!

Step-by-step explanation:

using simple interest formula: A = P(1 + r)^t

A= Total amount in 3 years

P=starting total

r=rate of percent as a decimal

t=time in years

A=1(1+0.10)^3

A=1(1+0.10)^3

A=1(1.10)^3

A=1(1.331)

A=1.331

A=1.33

spokaneboy32204

Answer:$1.33

Step-by-step explanation: I did the math myself and i would say yes the person above is correct you should give him brainliest...

Otras preguntas