Answer:
$4,866.61
Step-by-step explanation:
Using the formular, A = P(1 + R/100)^n
Where, A = Amount; P = Principal; n = Time(year) and R = Rate
Hence, A = $4000(1 + 4/100)^5 = $4,866.61
Amount = Principal + Compound Interest
∴ Compund Interest = Amount - Principal = $(4,866.61 - 4,000) = $866.61
