Answer:
$23,503.56
Step-by-step explanation:
You want to know the value after 10 years of an account with an initial balance of $8996 that earns interest of 10.08% compounded annually.
Compound interest
The formula for an amount P invested at rate r compounded annually for t years is ...
A = P(1 +r)^t
Britney's account value will be ...
A = $8996(1 +0.1008)^10 = $8996(2.6126679) ≈ $23,503.56
After 10 years, Britney will have $23,503.56 in the account.
