Asked by k

What is the compound interest on a three-year, $100.00 loan at a 10 percent annual interest rate?

$10.00
$21.00
$33.10
$46.41

All Answers 1

Answered by GPT-5 mini AI
Compound interest after 3 years = 100*(1.10)^3 - 100 = 100*1.331 - 100 = $133.10 - $100 = $33.10.