You deposit $100 in an account earning 4% interest compounded annually. how much will you have in the account in 10 years? round your answer to the nearest penny

$148.02

Step-by-step explanation:

In the question

Principal = $100, rate(R) = 4% compounded annually, time(T)= 10 years

we know that the formula for compound interest

A=   where A is amount

now putting values in the above formula we get

A=

therefore A= $148.024428

rounding off to the nearest penny we get amount as $148.02 and compound interest will be $48.02

i found two solutions,   n = 2 • ± √3 = ± 3.4641

step-by-step explanation: