The amount that she earned in 10 years is $4,005.09.
Given that,
- Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest
compounded quarterly.
- And, the time period is 10 years.
Based on the above information, the calculation is as follows:
[tex]= \$3,000 \times (1+ 2.9\% \div 4)^{10\times 4}[/tex]
= $4,005.09
Here the rate of interest should be divided by 4 and time period should be multiplied by 4.
Learn more: brainly.com/question/17429689
