Answered

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Ernesto deposited $10 in a savings account earning 10% interest, compounded annually.

To the nearest cent, how much interest will he earn in 2 years?

Sagot :

keighleydudley

Answer:

$2.10

Step-by-step explanation:

10 X 1.1^2 = 12.10

12.10 - 10 = 2.1

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