Question

Ron deposited $1 in a savings account earning 5% interest, compounded annually. To the nearest cent, how much interest will he earn in 3 years?

Answer 1

Answer:

he will earn 15%

Step-by-step explanation:

first you have to look at how much he already earns. then you will have to figure out how much annually is. then do the figures by doing 5 10 15 then 15 will be the answer and make sure to put 15%