Sami opens an account with a principal balance of $3,200. The
account earns 4.75% interest compounded annually. No additional
money is deposited or withdrawn from the account. Sami checks the
balance of the account at the end of 5 years. What is the amount of
interest earned at the end of 5 years?

$835.71

Step-by-step explanation:

To solve this problem, we will use the compound interest formula:

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

First, lets change 4.75% into a decimal:

4.75% -> -> 0.0475

Now, plug the values into the equation:

Lastly, subtract A from the principal:

The interest earned is $835.71

in the math equation 8 x 7 = 56, the 8 and the 7 are both factors of 56, since in this lesson we will use square tiles to figure out the factors of a whole find as many different arrays as you can, but follow one important rule: all the rows must have the i can make two rows of nine, so 2 and 9 are both factors of 18.

step-by-step explanation: