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Temka [501]
3 years ago
9

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?.
SAT
1 answer:
Korvikt [17]3 years ago
4 0

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

<h3>Simple interest and amount</h3>

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: brainly.com/question/16134508

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