What is the compound interest in a three-year, $100,000 loan at a 10 percent annual interest rate a) 10.00 b) 21.00 c) 33.10 d) 46.41

Compound interest = $3310

Step-by-step explanation:

Formula for calculating  compound interest

A = P[1 + R/100]^N

A - Amount

P - Principle amount

R - Rate of interest

N - Number of years

To find compound interest

Here  

P - $100,000

R - 10%

N - 3 years

A = P[1 + R/100]^N

A = 100000[1 + 10/100]^3

A = 100000[110/100]^3

A = 100000[1.10]^3 = 133100

Compound interest CI = A - P = 133100 - 100000 = 33100

Option C) have some mistake, 33.10 instead of 33100

just needed some points but try socratic

a is the right answer