A student invests $\$ 4,000$ in an account that pays $5 \%$ interest per year, compounded annually. How much interest does the student earn if he leaves the money in the account for three years?

Name: A student invests $\$ 4,000$ in an account that pays $5 \%$ interest per year, compounded annually. How much interest does the student earn if he leaves the money in the account for three years?
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The Answer is

\$ 630.50

A Student Invests $4,000\$ 4,000$4,000 In an Account That Pays 5%5 \%5%

A Student Invests $\$ 4,000$ In an Account That Pays $5 \%$