Question

Victor opened a savings account that earns 4.5% simple

interest. He deposited $5,725 into the account. What will be
Victor's account balance after five years? Round to the nearest
cent.
7.1

Answer 1

(5,725)1.045^5

Explanation:

(5,725)1.045^5

5,725 is the original amt of $

1.045 is the % of interest

5 is the # of years

Solve this and round the nearest

cent.