Question

$4000 into a account with 4.8 percent interest assuming no withdrawals are made how much will be n account after 9 years

Answer 1

Answer:

$5728

Step-by-step explanation:

$4000 is deposited into an account with 4.8% interest.

We assume that there are no withdrawals from the account.

Then we are asked the determine the amount will be there in the account after 9 years.

From the formula of simple interest, the final amount in the account after 9 years will be $4000(1 + \frac{4.8 \times 9}{100}) = 5728$ dollars. (Answer)