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Christine has $10 in a savings account that earns 10% interest compounded annually. To the nearest cent, how much will she have in three years?

Christine has $10 in a savings account that earns 10% interest compounded annually. To the nearest cent, how much will she have in three years?
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Christine has $10 in a savings account that earns 10% interest compounded annually. To the nearest cent, how much will she have in three years?

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User Mattwarren
by
8.5k points

1 Answer

6 votes

Answer:$13

Explanation:

10 × 0.10= $1 a year

3 years × $1 a year= $3

$10+$3=$13

answered
User Michael Ushakov
by
8.4k points
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