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Dakota deposited $500 in an account earning 10% interest compounded annually, To the nearest cent, how much interest will she earn in 3 years?

Dakota deposited $500 in an account earning 10% interest compounded annually, To the nearest cent, how much interest will she earn in 3 years?
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2 votes
Dakota deposited $500 in an account earning 10% interest compounded annually,

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

asked
User Fred Grott
by
8.3k points

2 Answers

1 vote

Answer:

he will get 150$

Explanation:

you times 500 to 0.1 then times that by 3

answered
User Jian Guo
by
8.5k points
8 votes
$150 worth of interest. 500x.10 is 50, annually for one year. In 3 years, it will be 50x3 which is 150
answered
User Konstantin Likhter
by
8.9k points
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