Answer:
The interest earned on the account is $189.12
Step-by-step explanation:
To find the overall amount after 10 years, you need to turn the 1.7% increase into a multiplier, which is 1.017. You would then put this to the power of 10, as it is after 10 years
$1030 x 1.017^10 = $1219.12
To find only the interest earned, you need to take the original balance ($1030) from the balance after 10 years ($1219.12)
$1219.12 - $1030 = $189.12
