# math

walter deposits \$5,000 in a bank account that pays 9% simple interest. If he doesn't change the principal, what will his balance be in 4 years?.

1. 👍 0
2. 👎 0
3. 👁 127
1. 5000(1+.09*4)

1. 👍 0
2. 👎 0

## Similar Questions

1. ### Finance

First Simple Bank pays 6 percent simple interest on its investment accounts. First Complex Bank pays interest on its accounts compounded annually. Required: What rate should the bank set if it wants to match First Simple Bank over

2. ### math

Mr. Flores opened an account with a deposit of \$5,000 The account earned annual simple interest. He did not make any additional deposits or withdrawals. At the end of 4 years, the balance of the account was \$6,500. What is the

3. ### College alerbra

Scott invested a total of \$9500 at two separate banks. One bank pays simple interest of 11% per year while the other pays simple interest at a rate of 9% per year. If Scott earned \$973.00 in interest during a single year, how much

4. ### Math

Are these correct ?. My grade counts on this and I'm not the best at math. I. Interest is ____?. (1pt) a. The amount of money your bank pays you for the use of only your money. b. The amount you might pay for a loan. * c. A

1. ### Math help! Check my answers ASAP!

1. Which graph most likely describes the distance a person walks in a 24-hour period? (1 point) a. Graph IV** b. Graph II c. Graph I d. Graph III 2. A car traveling at 25 mi/h accelerates to 48 mi/h over the first 5 seconds. It

2. ### math. compounding interest

regina deposits 3500 in a savings account that pays 7 1/2 % interest , compounded semiannually. how much interest does the account earn in the first 6 months?

3. ### algebra

Solve the problem. Helen Weller invested \$15,000 in an account that pays 12% simple interest. How much additional money must be invested in an account that pays 15% simple interest so that the total interest is equal to the

4. ### math

Suppose \$500 is divided into two bank accounts. One account pays 15% simple interest per year and the other pays 10%. After three years there is a total of \$200 in interest between the two accounts. How much was invested into the

1. ### Maths

Raj deposits \$20000 in the bank that pays simple interest at the rate of 2.75% at anuum. If the interest rate decrease to x%. He will receive \$50 less every year. Find the value of x?

2. ### Mathematics of INVESTMENT

Q: Ms. Parker deposits \$8000 in one simple interest account and \$2000 in a second simple interest account. The interest rate on the \$8000 account is 2% more than the rate on the \$2000 account. If the total yearly amount of

3. ### Algebra

Suppose \$6,500 is divided into two bank accounts. One account pays 10% simple interest per year and the other pays 4.6%. After two years there is a total of \$1000 in interest between the two accounts. How much was invested into

4. ### Algebra

Helen invested \$14,000 in an account that pays 3% simple interest. How much additional money must be invested in an account that pays 6% simple interest so that the average return on the two investments amounts to 4% ?