mhol1927 mhol1927

05-03-2019
Mathematics

contestada

Jason deposits $5000 in a bank that pays 4% simple interest annually.if he dont deposits no more than $5000 , how much will be in the account at the end of 5 years ?
I=PRT
Interest=Principal × Rate× Time

Respuesta :

doughmanjordan doughmanjordan

05-03-2019

Answer:

6089.34

Step-by-step

A=p(1+r)^t

4%=.04

$5000(1+.04)^5

then boom you got your answer

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