Using compound interest formula:
[tex]A=P(1+\frac{r}{n})^{nt}[/tex]Where:
A = Amount
P = Principal = 8200
r = Interest rate = 6% = 0.06
n = Number of times interest is compounded per year = 2
t = time = 5
so:
[tex]\begin{gathered} A=8200(1+\frac{0.06}{2})^{2\cdot5} \\ A=11020.11 \end{gathered}[/tex]Therefore, the interest is the amount minus the amount invested:
[tex]\begin{gathered} I=A-P \\ I=11020.11-8200 \\ I=2820.11 \end{gathered}[/tex]Answer:
$2820.11
