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 types of landforms cover most of Japan
When the price of oil drops this usually means that OPEC has?
Which two actions by the federal government were attempts to preserve the Union in the face of a bitter quarrel over slavery? A. Gadsden Purchase and Homestead
The beliefs of which ancient Egyptian are most similar to Abraham's beliefs? Akhenaten Imhotep Hatshepsut Tutankhamun
If 2 is added to seven times a number and equals 8 more than six times a number what is the number
1.82 meters is How many yards
The Northeast became a leader in commerce because of its
While waiting at a bus stop, Jacinta looked up and noticed that she could not see the mountains because of a thick layer of smog. Where does Jacinta most likely
Find the seventh term of each sequence 1, -3, 9, -27.....
What was important about Charles Martel's victory at the Battle of Tours