Mathematics, 24.12.2021 23:40 Cristian9059

Kenny has $500 in an account. The interest rate is 5% 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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Kenny has $500 in an account. The interest rate is 5% compounded annually. To the nearest cent, how...