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Home > CC3 > Chapter 8 > Lesson 8.2.1 > Problem 8-52


Determine the compound interest earned on $220 invested at 3.25% compounded annually for 6 years. Homework Help ✎

According to the Math Notes box from Lesson 8.1.3:

Using this formula, substitute the given values to solve for the total amount.

After solving for the total amount with compound interest, find the difference between the new total amount and the original principal to find the compound interest earned.