Find the balance after 10 years of a $30,000 savings account that pays 10% interest compounded yearly.(1 point)

Question

Responses

$77,812.27
$77,812.27

$33,154.81
$33,154.81

$112,070.90
$112,070.90

$2,245,256.05

Answer 1

The correct answer is $77,812.27.