Question

Anyone know the answer?

Answer 1

A 4955.30

Explanation:

A = P ( 1+i) ^ t

where A is the amount in the account

P is the principal

i is the interest rate

and t is the time in years

A = 4000(1+.055)^4

A = 4000(1.055)^4

A = 4955.2986025

Rounding to the nearest cent

A = 4955.30