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Ezra deposited $30 in a savings account earning 10% interest, compounded annually. To the nearest cent, how much will he have in 2 years?

Ezra deposited $30 in a savings account earning 10% interest, compounded annually. To the nearest cent, how much will he have in 2 years?
asked 194k views
5 votes
Ezra deposited $30 in a savings account earning 10% interest, compounded annually.

To the nearest cent, how much will he have in 2 years?

asked
User JHolyhead
by
7.6k points

1 Answer

2 votes

Answer:

$36.00

Explanation:

10% of 30 is 6. Add that to the original amount

answered
User Sinujohn
by
8.1k points
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