What is the compound interest on a three-year, 100 point 0 0 dollars loan at a 10 percent annual interest rate?

With annual compounding, the balance after three years is $100.00 × (1.10)^3 = $133.10. Subtract the original $100.00 loan to find the compound interest: $133.10 − $100.00 = $33.10. The correct choice is $33.10.

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