Maria has 90$ in a saving account. The interest rate rise a 5% compounded annually. to the nearest cent, how much will he have in 3 years

$104.19

Step-by-step explanation:

We will use the compound interest formula to solve this:

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

First, lets change 5% into a decimal:

5% -> -> 0.05

Now, plug the values into the equation:

After 3 years, Maria will have $104.19

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step-by-step explanation:

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