Abigail earned $£ 400$ in the first year of her paper round. Each year her earnings increased by $10 \%$.
How much money did Abigail earn in the third year of her paper round?
Give your answer in pounds $(£)$.
Earnings in first year
Earnings in second year
Earnings in third year
$£ 400$
f
f
\(\boxed{Abigail earned £484 in the third year of her paper round.}\)
Step 1 :Let's find Abigail's earnings in the second year by multiplying her first-year earnings by 1.10: \(400 * 1.10 = 440\)
Step 2 :Now, let's find her earnings in the third year by multiplying her second-year earnings by 1.10: \(440 * 1.10 = 484\)
Step 3 :\(\boxed{Abigail earned £484 in the third year of her paper round.}\)