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Craig deposits $4,000 in a savings account that earns 5% interest per year. How much will be in his savings account after 4 years?
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1 vote
Craig deposits $4,000 in a savings account that earns 5% interest per year. How much will be in his savings account after 4 years?

User Marcelo Barros
by
3.3k points

1 Answer

7 votes

Answer:

$4800

Explanation:

I= Prt

4000x(5/100)x4 = Interest = $800

Plus the amount of money he deposits is $4800

User ReaperSoon
by
3.4k points
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