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Ipatiy [6.2K]
3 years ago
13

At the beginning of 2009 Marilyn invested $5000 in a savings account account pays 4% interest per year at the end of the year at

the interest is paid how much does Marilyn have in the account?
Mathematics
1 answer:
solong [7]3 years ago
8 0

Answer:

$5200

Step-by-step explanation:

Given :

Amount invested, Principal, P = $5000

Interest rate, r = 4% = 4/100 = 0.04

Amount in account at the end of the year, A

period, t = 1 year

Using the relation :

A = P(1 + rt)

A = $5000(1 + 0.04*1)

A = $5000(1 + 0.04)

A = $5000 * 1.04

Amount in account at year end = $5200

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HELP:
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