Browse · MATH
Printjmc
algebra intermediate
Problem
Bao was given \1,\!00010\%$ interest, compounded annually. In dollars, how much total interest will Bao have earned 3 years later?
Solution
Each year, the amount of money in the account is multiplied by 1.1. Therefore, after 3 years the amount of money is dollars. The interest earned is dollars.
Final answer
331