Homework Help on Algebra Question

Shelby deposited $60 in a savings account earning 10% interest, compounded annually.

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

Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

 

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