Final answer:
This high school level question requires understanding the concept of compounding interest in Mathematics to calculate the future value of a $2825 bank deposit earning 3.25% interest annually. The appropriate formula for compound interest would be needed unless provided with the period of investment.
Step-by-step explanation:
The question concerns the calculation of interest earned on a bank deposit, which is a common Mathematics problem, specifically in the field of financial mathematics. The subject involves understanding compound interest versus simple interest, and applying the relevant formulas to determine the future value of an investment. Given that the deposit is $2825 earning 3.25% interest annually, the formula for compound interest would be used to calculate the amount in the account after a certain number of years.
For simple interest, it would be calculated by multiplying the principal amount of $2825 by the interest rate of 3.25%, and then by the number of years the money is invested. However, for compound interest, which is the more common practice for banks, the formula A = P(1 + r/n)^(nt) is used, where A is the amount of money accumulated after n years, including interest, P is the principal amount, r is the annual interest rate (decimal), n is the number of times that interest is compounded per year, and t is the time the money is invested for. In this case, since the frequency of compounding is not mentioned, we would assume it to be compounded annually (n=1).
To answer the student's question thoroughly, we would need to know the period of time for which the money is to be invested to find the total amount after that period with the given annual interest rate.