Asked by neo

help please, i need help on this question

wendy deposited $60 in a savings account earning 10% interest, compounded annually. To the nearest cent, how much interest will she earn in 3 years?
Answered by neo
is the answer $79.86?
Answered by neo
or is it 19.86
Answered by Steve
60(1+.10)^3 = 79.86, but that is how much will be in the account.

As you note, only $19.86 of that is the interest, which answers the question asked.
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