Samantha invests \( \$ 3,000 \) at \( 5 \% \) simple interest for 4 year. How much is in the account at the end of the 4 years period? s Answer: \( \$ \) Submit Question

To calculate the amount in the account after 4 years with simple interest, we first find the interest earned. The formula for simple interest is: \[ \text{Interest} = \text{Principal} \times \text{Rate} \times \text{Time} \] Plugging in the values: \[ \text{Interest} = 3000 \times 0.05 \times 4 = 600 \] Now, add the interest to the principal: \[ \text{Total Amount} = \text{Principal} + \text{Interest} = 3000 + 600 = 3600 \] So the final amount in the account after 4 years will be \( \$ 3,600 \).