Mathematics, 11.03.2020 02:57 live4dramaoy0yf9
Hakim deposited $50 in a saving account earning 10% interest, compounded annually . To the nearest cent , how much interest will he earn in 2 years?
Answers: 2
![\bf A=50\left(1+\frac{0.10}{1}\right)^{1\cdot 2}\implies A=50(1.1)^2\implies A=60.5 \\\\[-0.35em] ~\dotfill\\\\ ~\hfill \stackrel{\textit{earned interest}}{60.5 - 50\implies 10.5}~\hfill](/tpl/images/0542/2551/9b2dc.png)
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Hakim deposited $50 in a saving account earning 10% interest, compounded annually . To the nearest c...
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