Ernesto has $50 in a savings account that earns 10% interest, compounded annually.

To the nearest cent, how much will he have in 3 years?

Ernesto has $50 in a savings account that earns 10% interest, compounded annually.

To the nearest cent, how much will he have in 3 years?

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Answer:66.55$

Step-by-step explanation:Since it’s compounded you have to do the math for every year50x.1=5 50+5=55

55x.1=5.5 55+5.5=60.5

60.5x.1=6.05 60.5+6.05=66.55$

Ofc if I’m wrong flame me