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Edgar has 30 in an account that earns 5% interest compounded annually.To the nearest cent, how much interest will he earn in 2 years?

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解答

Edgarhas30inanaccountthatearns5%interestcompoundedannually.Tothenearestcent,howmuchinterestwillheearnin2years?

解答

Interest:3.075
求解步骤
Translate the problem into an equation:33.075=30+I
求解 I,33.075=30+I:I=3.075
Interest:3.075

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