Question

Bernie deposited $90 in a savings account earning 10% interest, compounded annually.

Answer 1

In three years Bernie total saving account would be $119.79

Explanation:

The answer varies each year. In one year 10% of $90 is $9. Bernie total saving account would be $99 in the first year. In two years it would be $108.90( 10% of $99 = $9.9, $9.9 + $99 = $108.90). In three years Bernie total saving account would be $119.79( 10% of 108.90 = 10.89, $10.89 + $108.9 = $119.79) and so on.

Answer 2

$119.79

Explanation:

im like 95% sure this is right