Jason deposit $5000 in a bank account that will pay him 4% simple interest annually if jason deposits no more than the initial $5000, how much money will be in the account at the end of five years ? (the formula for simple interest is l = prt or interest = principal * rate * time. use a decimal to express the interest when using that formula.)

5=812a+9+3

step 1: simplify both sides of the equation.

5=812a+9+3

5=(812a)+(9+3)(combine like terms)

5=812a+12

5=812a+12

step 2: flip the equation.

812a+12=5

step 3: subtract 12 from both sides.

812a+12−12=5−12

812a=−7

step 4: divide both sides by 812.

812a /812 = -7/812

a= -1/116

so the answer is

a=   -1/116

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