You deposit $200 in an account earning 3% interest compounded
annually. How much will you have in the account in 10 years?

$268.78

Step-by-step explanation:

We will use the compound interest formula to solve this:

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

First, change 3% into its decimal form:

3% -> -> 0.03

Now, plug in the values:

After 10 years, you will have $268.78

a

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d

step-by-step explanation:

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