Rayraymeria50 Rayraymeria50

09-06-2021
Mathematics

contestada

Question
Lila has $40 in a savings account that earns 10% interest, compounded annually.
To the nearest cent, how much interest will she earn in 2 years?

Respuesta :

LaurenneTanda LaurenneTanda

09-06-2021

Answer:

$40.8

Step-by-step explanation:

Use the formula

n(1+percentage given/100)[tex]x^{of the given year}[/tex]

PS: the x means nothing just wanted to show you it is an indices

40(1+10/100)^2

40x1.01^2=$40.80

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