SOLUTION: Samantha invested $4000 at 5.2% per annum interest for 5 years. What was the amount of her investment at the end of this time?

SOLUTION: Samantha invested $4000 at 5.2% per annum interest for 5 years. What was the amount of her investment at the end of this time?

Algebra.Com

Question 1017804: Samantha invested $4000 at 5.2% per annum interest for 5 years. What was the amount of her investment at the end of this time?

Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
If I assume this is simple interest, then
I = Prt = ($4000)(.052)(5) = $1040
Add that to her beginning principal and get
$5040
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