Christopher deposited $1 in a savings account earning
10% interest, compounded annually.
T...
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Mathematics, 05.03.2020 20:40 justiceharris8
Christopher deposited $1 in a savings account earning
10% interest, compounded annually.
To the nearest cent, how much interest will he earn in 3
years?
Use the formula B = p(1 + r)t, where B is the balance (final
amount), p is the principal (starting amount), r is the
interest rate expressed as a decimal, and t is the time in
years.
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Answers: 3
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