SOLUTION: How much money will be in a bank account after 4 years if $9 is deposited at an interest rate of 5% compounded annually?

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Question 482941: How much money will be in a bank account after 4 years if $9 is deposited at an interest rate of 5% compounded annually?
Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
p+.05p=1.05
(1.05)^4=1.21550625
1.21550625 X 9=$ 10.93955 in the bank account after 4 years..