Answer:
The balance in the bank after 5 years of 6.5% interest is $5,300.
Step-by-step explanation:
*Presuming that this is not a compounding interest the interest would just multiply by the even balance.*
So every 5 years the balance earns 0.065 of 4,000 dollars.
This would make our equation:
4000 + (4000 x .065 x 5 )
= 4000 + (1300)
= 5300
The balance in the bank after 5 years of 6.5% interest is $5,300.
