Answer:
Noah has $51,740 in a savings account
Interest=5%
To find the interest will he earn in 5 years
we know that,
Interest can be calculated by using the formula,
[tex]I=\frac{P\times N\times R}{100}[/tex]where P is the principal amount, N is the number of years and R is the rate of interest.
Here, P=51740
R=5
N=5
Substitute the values, we get
[tex]I=\frac{51740\times5\times5}{100}[/tex][tex]I=\frac{1293500}{100}[/tex][tex]I=12935[/tex]Interest is $12,935
Answer is
