Bao was given $\$1,\!000$ for his birthday. He decided to invest the money in a bank account that earns $10\%$ interest, compounded annually. In dollars, how much total interest will Bao have earned 3 years later?
Question:
Bao was given $\$1,\!000$ for his birthday. He decided to invest the money in a bank account that earns $10\%$ interest, compounded annually. In dollars, how much total interest will Bao have earned 3 years later?
Answer:
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Bao was given $\$1,\!000$ for his birthday. He decided to invest the money in a bank account that earns $10\%$ interest, compounded annually. In dollars, how much total interest will Bao have earned 3 years later?
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