Allison opened a savings account with a one-time deposit of $320 the savings account pays a simple interest rate of 5% per year if allison makes no deposits or withdrawals how much money will she have in her account after one year

At the beginning of year 1, carlos invests $600 at an annual compound interest rate of 4%. he makes no deposits to or withdrawals from the account. which explicit formula can be used to find the account's balance at the beginning of year 5? what is, the balance?