Can someone pls help me this is due in 4 mins 5000(1+r) Find the amount of money in this account at the end of one year if the interest rate is 9%.

Question

asked Dec 13, 2021 66.2k views

1 Answer

Mohamed Ramadan · Answer 1 · 2021-12-18T16:39:56+0000

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Answer:

5450

Explanation:

Put 9% where r is in your formula and evaluate it. Of course, you must use the decimal equivalent.

5000(1 +9%) = 5000(1.09) = 5450

The account will have 5450 in it at the end of the year.