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A bank offers a 4% annual interest rate for a savings account. Juan puts $5,000 into an account to save for college. How much will be in the account after a year?

A bank offers a 4% annual interest rate for a savings account. Juan puts $5,000 into an account to save for college. How much will be in the account after a year?
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A bank offers a 4% annual interest rate for a savings account. Juan puts $5,000 into an account to save for college. How much will be in the account after a year?

User Irit Katriel
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1 Answer

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1% of 5000 is 50. Multiplied by 4= 200. Total= 5200
User Sharmi
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