Abank offers a 4% annual interest rate for a savings account. nathan puts $3,800 into an account to save for college. how much will be in the account after a year?

If the bank offers a 4% annual interest rate for a savings account, and Nathan puts $3,800 into an account to save for college, after a year there will be $3952, as its shown below:

Initial amount + interests= Total money after a year

3,800/100*4= Interests= $152

3,800+152= Total money after a year= $3952

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