Question 1204308
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.
Principal= $9000
Rate= 5%
Compounded= annually
Time= 5 years

A. Find how much money there will be in the account after the given number of years.
B. Find the interest earned.

Compound Interest formula 



{{{A = P(1+(r/n))^(nt)}}}


A = the future amount of money
P = the principal amount= ($9,000)
r = the annual interest   5%  = 0.05
n =  n = 1)
t = (5 years)
Plug the values in the formula


{{{A = 9000*(1+(0.05))^(5)}}}

= 11486.53 

There will be  $11,486.53 in the account after 5 years.


 subtract the principal from the future amount to get interest.