Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

jason deposits $5,000 in the bank that will pay him 4% simple interest annually if jason deposits no more than the initial $5,000 how much money will be in the account at the end of five years?

Sagot :

jordynncarpenter
At the end of 5 years, $6,000 will be in Jason's account.

4%=0.04
[tex]5000*0.04=200 \\ 200*5=1000 \\ 1000+5000=6000[/tex]
We appreciate your time. Please come back anytime for the latest information and answers to your questions. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.