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?

Compound Interest Formula:  A = P(1 + r/n)^(n·t)

A = final amount                  r = rate, as a decimal (.021)                      t = number of years (17)

P = initial amount (2914.72)    n = number of times compounded per year (365)

A  =  2914.72(1 + .021/365)^(365·17)  =  $4165.20

Interest earned:  $4165.20 - $2914.72  =  $1250.48           <  Answer

You might want to recalculate this, attempting to handle leap years, by replacing the number of times compounded per year with 365.25 and see if that has an effect

ur mom

step-by-step explanation: