Ask Question
30 April, 03:38

Tammy has $50 in a savings account. The interest rate is 5%, compounded annually.

To the nearest cent, how much interest will she earn in 3 years?

+3
Answers (1)
  1. 30 April, 03:51
    0
    5% of 50 is 2.50

    2.50 times 3 is 7

    Tammy will get $7.00 over 3 years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Tammy has $50 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much interest will she earn in 3 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers