You invest AED 5000 in a saving account that earns 4% interest each year. If you do not use the account for a year, how much mon

Question

2 years ago

11

ey will you have in your account after a year?

1 answer:

BigorU [14] · Answer 1 · 2022-09-24T17:19:52+03:00

6 0

9514 1404 393

Answer:

AED 5200

Step-by-step explanation:

The interest in the first year will be ...

I = Prt . . . . principal P invested at rate r for t years

I = 5000×0.04×1 = 200

The account will have AED 5200 in it after a year.