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Mathematics, 04.03.2021 14:00 marco1604

Pete has $90 in a savings account. The interest rate is 10%, compounded annually. To the nearest cent, how much interest will he earn in 2 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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