The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.

A$.$ Find how much money there will be in the account after the given number of years.

$\backslash$table$[[$Principal$,$Rate,Compounded,Time$],[$$$11,000,4\%,$semiannually,$5$ years$]]$

B$.$ Find the interest earned.

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A$.$ The amount of money in the account after $5$ years is : $($Round to the nearest hundredth as needed.$)$

Formulas

In the provided formulas, $A$ is the balance in the account after $t$ years, $P$ is the principal investment, $r$ is the annual interest rate in decimal form, $n$ is the number of compounding periods per year, and $Y$ is the investment's effective annual yield in decimal form.

$A=P(1+\frac{r}{n}{)}^{nt},P=\frac{A}{(1+\frac{r}{n}{)}^{nt}},A=P{e}^{rt},Y=(1+\frac{r}{n}{)}^n-1$