Question

Olivia has $60 in a savings account. The interest rate is 5% compounded annually. To the nearest cent how much interest will she earn in 2 years

Answer 1

Answer: She will earn 6 dollars in two years!

Step-by-step explanation: 10% of 60 is 6 because 10 sixes make up 60.

Hope this helps, if not, comment below please!!!