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30 December, 00:04

Kennedy won $3,000 from a radio contest. If she puts this money in a bank

account that earns 2.9% interest

compounded quarterly, how much total will she earn in 10 years?

$3933.28

$4005.09

$4915.59

$2979.81

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Answers (1)
  1. 30 December, 00:17
    0
    4915.59

    Step-by-step explanation:

    It states that she earns 2.9% interest "compounded quarterly."

    If you add 2.9% per quarter per year, you'll get the answer 4915.59.
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