Answer:
$12,155.06
Step-by-step explanation:
Using the compound interest formula;
A= P(1+r)^n
P = $10,000
rate r = 5% = 0.05
Time r = 4years
Substitute
A = 10,000(1+0.05)^4
A = 10,000(1.05)^4
A = 10,000(1.21550)
A = 12,155.06
Hence the amount after 4 years will be $12,155.06
