PLEASE HELPP Jayla has $80 in a savings account that earns 5% interest, compounded annually.
To the nearest cent, how much will she have in 3 years?

The interest is equal to \$13$13

we know that

The compound interest formula is equal to

A=P(1+\frac{r}{n})^{nt}A=P(1+

n

r

)

nt

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest in decimal

t is Number of Time Periods

n is the number of times interest is compounded per year

in this problem we have

\begin{gathered}t=3\ years\\ P=\$80\\ r=0.05\\n=1\end{gathered}

t=3 years

P=$80

r=0.05

n=1

substitute in the formula above

A=\$80(1+\frac{0.05}{1})^{3}=\$92.61A=$80(1+

1

0.05

)

3

=$92.61

Find the interest

I=A-P=\$92.61-\$80=\$12.61I=A−P=$92.61−$80=$12.61

Round to the nearest whole dollar

\$12.61=\$13$12.61=$13

describing distributions is one of the key skills you’ll need to earn a high score on the ap statistics exam. if you need proof of this, just flip through some past exam questions, which can be found at the collegeboard website. you’ll notice that the first free response question is almost always a question requiring you to look at a graph and describe it.

step-by-step explanation: just trying to get points sorry : (