Mathematics, 17.12.2020 01:00 musa79

Desmond has $30 in a savings account. The interest rate is 10%, compounded annually. To the nearest cent, how much interest will he earn in 1 year?

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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Desmond has $30 in a savings account. The interest rate is 10%, compounded annually. To the nearest...