anonymous
  • anonymous
a 4 000 principal earns 5% interest compounded annually after 4 years what is the balance in the account
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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kropot72
  • kropot72
The equation that you need is: \[A=P(1+r)^{t}\] where A is the amount after t years, r is the annual interest rate as a decimal (0.05 in this case) and P is the principal (4000 monetary units). Plug the values into the equation and calculate the value of A.

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