As per compound interest, Katie's account balance in 10 years will be $97308.29.
What is compound interest?
"Compound interest is the addition of interest to the principle sum of a deposit, or in other words, interest on principal plus interest."
Given, the principle amount is $33750.
The rate of interest is 11.17% [tex]= 0.1117[/tex].
Time period is 10 years.
Therefore, after 10 years, Katie's account have a balance
= $[tex]33750(1+0.1117)^{10}[/tex]
= $[tex]97308.29[/tex]
Learn more about compound interest here: https://brainly.com/question/21405815
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