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8 August, 12:02

Amanda has $5200 in a savings account that earns 4% annually. If the interest is not compounded, what is the value of her account in 5 years?

A) $208.00

B) $1040.00

C) $5408.00

D) $6240.00

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Answers (2)
  1. 8 August, 12:23
    0
    I think b not really sure
  2. 8 August, 12:46
    0
    D is the correct answer.

    You start of with 5200, if she earns 4% each year for the next 5 years, she would earn a total of 20% more than what she had now.

    You would multiply 5,200 by 1.20 Which equals 6,240
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