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Jerry has $90 in his savings account. The interest rate is 10%, compounded annually. To the nearest cent, how much interest will he earn in 3 years

Jerry has $90 in his savings account. The interest rate is 10%, compounded annually. To the nearest cent, how much interest will he earn in 3 years
asked 20.3k views
5 votes
Jerry has $90 in his savings account. The interest rate is 10%, compounded annually. To the nearest cent, how much interest will he earn in 3 years

asked
User Mirushaki
by
8.9k points

2 Answers

3 votes

Answer:

p x t x r / 100

90 x 10 x 3 / 100

=27

answered
User Kaspersky
by
8.8k points
4 votes

Answer:

27 cents

Explanation:

10% of 90= 9

9x3=27

answered
User Murtaza Mandvi
by
8.3k points
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