Mathematics, 04.03.2021 14:00 marco1604
Pete has $90 in a savings account. The interest rate is 10%, compounded annually.
To the nearest cent, how much interest will he earn in 2 years?
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.
Answers: 2
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Pete has $90 in a savings account. The interest rate is 10%, compounded annually.
To the nearest ce...
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