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:
Answer:
5200 AED or 1404 USD
Step-by-step explanation:
You have 5000 in your account. If your money grows 4% each year, it's basically like multiplying by 1.04.
5000 * 1.04 = 5200
If the question is asking in USD, the conversion rate from AED to USD is
AED * 0.27 = USD
We can substitute
5200 AED* 0.27 = 1404 USD.
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