privera93 privera93

22-04-2020
Mathematics

contestada

Matthew has $10 in a savings account that earns 5% interest, compounded annually.

To the nearest cent, how much will he have in 2 years?

Respuesta :

carsoncmeredith carsoncmeredith

22-04-2020

Answer:

in two years he will make 1 dollar in interest

Step-by-step explanation:

10 times 0.05 is 0.50 which would be 50 cents and 50 cents times 2 is 1 dollar

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