Question

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%.

Answer 1

9514 1404 393

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.