Based on the information that's given, the account balance after the years given will be $27654.20.
The formula for simple interest is calculated as:
= PRT / 100
where,
Principal = $22825
Rate = 4.03%
Time = 5 years, 3 months = 5.25 years
Therefore, the simple interest will be:
= ($22825 × 4.03 × 5.25) / 100
= $4829.20
Therefore, the amount will be:
= $22825 + $4829.20
= $27654.20
Learn more about simple interest on:
brainly.com/question/25747402
