SOLUTION: a savings account is opened with $5000. it earns 4% simple interest. how much will be in the account after 20 years
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Question 931897: a savings account is opened with $5000. it earns 4% simple interest. how much will be in the account after 20 years
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
A = P*(1+r*t)
A = 5000*(1+0.04*20)
A = 9000
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There will be $9,000 in the account after 20 years.
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