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Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2. 9% interest compounded annually, how much total interest will she earn in 10 years?.

Respuesta :

abidemiokin

The total interest will she earn in 10 years is $870

Simple interest and amount

The formula for calculating amount is expressed as:

  • A = Principal + Interest

Get the interest

I = PRT

I = 0.029 * 3000 * 10

I = $870

Hence the amount is calculated as;
A = 3000 + 870

Amount = $3870

Hence the total interest will she earn in 10 years is $870

Learn more on interest here: https://brainly.com/question/16134508

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