Alexis has a savings account that earns 2.1% interest compounded daily. If she opened the account 17 years ago with a deposit of $2,914.72, how much interest has Alexis earned?

how would i solve this problem and what formula do i use?

Question

Alexis has a savings account that earns 2.1% interest compounded daily. If she opened the account 17 years ago with a deposit of $2,914.72, how much interest has Alexis earned?

how would i solve this problem and what formula do i use?

nottim · Answer

Compund interest. IT states directly in the question.

nottim · Answer

http://qrc.depaul.edu/StudyGuide2009/Notes/Savings%20Accounts/Compound%20Interest.htm

anonymous · Answer

thanks

nottim · Answer

if thats all you need, can i have a virtual shiiny plez

nottim · Answer

no, i mean just click the best answer button on the right of my question. but thx fer that.

anonymous · Answer

sorry new at this

nottim · Answer

its alright.
yayy thx.