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Jacob has $30 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much interest will he earn in 3 years?

Jacob has $30 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much interest will he earn in 3 years?
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Jacob has $30 in a savings account. The interest rate is 5%, compounded annually.

To the nearest cent, how much interest will he earn in 3 years?

asked
User Robert Navado
by
8.1k points

1 Answer

2 votes

Answer:

450

Explanation:

but I can't explain you the answer because I understand but I can't

answered
User Joel Guerra
by
7.7k points
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