Donna deposits $850 in an account that earns 2.9% compounded annually. Find the amount of interest earned and total value of the account after 60 months

$130.61

Step-by-step explanation:

Interest = 2.9% (Compounded interest)

P= $850, t = 60 month = 60/12 = 5 years

Interest earned = P(1+r/100)^n - P

Interest earned = 850 * [(1+2.9/100)^5} - 850

Interest earned = 850 *(1.029)^5 - 850

Interest earned = 850 * 1.1536575 - 850

Interest earned = 980.6088 - 850

Interest earned = $130.6088

Interest earned = $130.61

i think this could be a possible answer (1 / 84) -1

good luck! : d

abde or 1,2,4, 5 is the answer

step-by-step explanation: