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What is the compound interest on a three-year $100 loan at a 10% annual interest rate

What is the compound interest on a three-year $100 loan at a 10% annual interest rate
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What is the compound interest on a three-year $100 loan at a 10% annual interest rate

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User Lobsterism
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1 Answer

5 votes
Year 1: $110

Year 2: $121

Year 3: $133.10

Total interest: $33.10
answered
User Alyxandria
by
8.5k points
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