Kendra has $1,757 in an account that earns 12% interest compounded annually.
To the nearest cent, how much interest will she earn in 1 year?
$
The formula to calculate the interest earned is:
Interest = Principal × Rate
Interest = $1,757 × 0.12 = $210.84
Therefore, Kendra will earn $210.84 in interest in 1 year.