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
ey will you have in your account after a year?
1 answer:
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.
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