zerpen zerpen
  • 05-02-2022
  • Mathematics
contestada

Ernesto deposited $10 in a savings account earning 10% interest, compounded annually.

To the nearest cent, how much interest will he earn in 2 years?

Respuesta :

keighleydudley
keighleydudley keighleydudley
  • 05-02-2022

Answer:

$2.10

Step-by-step explanation:

10 X 1.1^2 = 12.10

12.10 - 10 = 2.1

Answer Link

Otras preguntas

What term is used for a legal document which proposes a series of reasons, each beginning with Whereas..., for following a particular course of action? a resolu
DeLissa wants to dress and act like Marisol, who is a very popular and attractive girl at school. What type of peer pressure is DeLissa reacting to?
2+d=2-3(d-5)-2 Pls show work
how do you put 0.375,0.300,and 0.387 in order from least to greatest
Select the most reasonable estimated answer. 748.36 – 297.78 a. 300 b. 350 c. 400 d. 450
How do you round 3,962 to the nearest hundred
Roses and lilies are _____.
an employer pays $22 for 2 hours is the ratio table to determine how much she charges for 5 hours
what is 32,904+m=61,381
If you flipped a penny 99 times and each time it came up heads, then the chance of the penny coming up heads again is ____ . 50% 1% 100% 25%