The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal Rate Compounded Time $8000 8% semiannually 2 years   A. Find how much money there will be in the account after the given number of years.   B. Find the interest earned.

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A: The formula is:A=P1+r4004Twhere P=principal amountr=rate of interestT=time

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