Answer:
She will have earned $321.37 after 2 years.
Step-by-step explanation:
Principal: $300
Interest Rate: 3.5%
Time: 2 years
Compounded Annually means that the principal will earn a certain amount this year and a greater amount next year, since it takes the new balance and add the interest rate to it.
Year 1: 3.5% of 300= 10.5
300 + 10.5 = 310.5
Year 1 balance: $310.5
Year 2: 3.5% of 310.5=10.87
310.5 + 10.87= 321.37
Year 2 balance: $321.31
