Question

$4000 into a account with 4.8 percent interest assuming no withdrawals are made how much will be n account after 9 years

Answer 1

$5728

Explanation:

$4000 is deposited into an account with 4.8% interest.

We assume that there are no withdrawals from the account.

Then we are asked the determine the amount will be there in the account after 9 years.

From the formula of simple interest, the final amount in the account after 9 years will be
`4000(1 + (4.8 * 9)/(100)) = 5728` dollars. (Answer)