thatowlgirl3000 thatowlgirl3000

10-04-2021
Mathematics

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Cara put 4,000 dollars into a college savings account with 5% simple interest rate. How much money will she have in her bank account after 5 years?

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zamonwusah zamonwusah

10-04-2021

Answer:

$ 5,000

Step-by-step explanation:

si = (prt) / 100

p = $4000 r = 5% t = 5 years

si = (4000 x 5 x 5) / 100

= 1000

amount = principal + interest

= 4,000 + 1,000

= $ 5,000

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