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?.
1 answer:
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:
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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