1000 into an account that is growing 4.2% per year. what should you do to the pervious years amount

The amount into account after a year is $1042

Step-by-step explanation:

Given as :

The principal amount into the account = p = $1000

The amount is growing at the rate = r = 4.2 % per year

Let The Amount into account after 1 year = $A

So, According to question

The amount into account after 1 year = The principal amount ×

Or, A = p ×

Or, A = $1000 ×

Or, A = $1000 × 1.042

Or, A = $1042

So, The amount into account after a year =  A = $1042

Hence,The amount into account after a year is $1042 . Answer