Question

Amanda has $5200 in a savings account that earns 4% simple interest annually. What is the value of her account in 5 years?

Answer 1

6,240

Explanation:

You start off with 5200, if she earns 4% each year for the next 5 years, she would earn a total of 20% more than what she had now.

You would multiply 5,200 by 1.20 Which equals the answer (above)