Question

aufqr2 4.2.020.mi.sa.this question has several parts that must be completed sequentially. if you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come back to the skipped part.tutorial exercisehow much interest (in dollars) is earned in 6 years on $8,200 deposited in an account paying 8% interest compounded semiannually?step 1compound interest is interest calculated on the original principal and on any interest that has already been earned. the formula for future value calculates the value of a deposit for any number of compounding periods per year.we want to find the interest made on the amount of money deposited (the present value). the difference of the future value $fv$ and the present value $pv$ will give us the interest $i$.select an equation to represent this situation.$\bigcirc pv = i - fv$$\bigcirc i = fv - pv$$\bigcirc i = pv - fv$$\bigcirc fv = i - pv$

Explanation:

Step1: Identify interest formula

Interest equals future value minus present value, so $I = FV - PV$.

Step2: Confirm correct equation

Matches the relationship between interest, future value, and present value.

Answer:

B. $I = FV - PV$