[tex]~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$920\\ r=rate\to 7\%\to \frac{7}{100}\dotfill &0.07\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, thus once} \end{array}\dotfill &1\\ t=years\dotfill &6 \end{cases}[/tex]
[tex]A=920\left(1+\frac{0.07}{1}\right)^{1\cdot 6}\implies A\approx 1380.67~\hfill \underset{earned~interest}{\stackrel{1380~~ - ~~920}{\approx 460.67}}[/tex]
