Alexandria deposits $5,000 in a savings account earning 5% interest, compounded annually. To the nearest cent, how much will be in the account after 4 years?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Dec 1, 2022 3.9k views

3 votes

Alexandria deposits $5,000 in a savings account earning 5% interest, compounded annually. To the nearest cent, how much will be in the account after 4 years?

Mathematics
high-school

Klaus Turbo asked

by Klaus Turbo

5.9k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

4 votes

Answer:

At the end of 4 years, your savings will have grown to $6,077.

Explanation:

Yaguang answered Dec 7, 2022

by Yaguang

5.6k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions