tiana deposited $60 in an account earning 10% interest compounded annually. to the nearest cent, how much…

Explanation:

Step1: Identify compound - interest formula

The compound - interest formula is $A = P(1 + r)^t$, where $P$ is the principal amount, $r$ is the annual interest rate (in decimal form), and $t$ is the number of years.

Step2: Convert the interest rate to decimal

Given $r = 10%=0.1$, $P=$60$, and $t = 3$ years.

Step3: Substitute values into the formula

$A=60\times(1 + 0.1)^3$. First, calculate $(1 + 0.1)^3=(1.1)^3=1.1\times1.1\times1.1 = 1.331$. Then, $A = 60\times1.331=79.86$.

Answer:

$79.86$