Answer:
He will have $66.55 in 3 years.
Step-by-step explanation:
Given that,
Principal, P = $50
Rate of interest, R = 10%
We need to find the amount earned by him in 3 years. We know that, the final amount is given by :
[tex]A=P(1+\dfrac{r}{100})^T[/tex]
Put all the values,
[tex]A=50(1+\dfrac{10}{100})^3\\\\=50\times (\dfrac{11}{10})^3\\\\=\$66.55[/tex]
So, he will have $66.55 in 3 years.
