Alark inverts \( \$ 1,000 \) at \( 6 \% \) simple interest for 5 yean How much is in the account at the end of the 5 yeans pertod? Answen \( \$ \square \)

To calculate the amount in the account after 5 years with simple interest, you can use the simple interest formula: \[ \text{A} = \text{P} \times (1 + \text{r} \times \text{t}) \] Where: - \(\text{A}\) = the amount of money accumulated after \( t \) years, including interest. - \(\text{P}\) = principal amount (\$1,000) - \(\text{r}\) = annual interest rate (6% or 0.06) - \(\text{t}\) = time the money is invested for (5 years) Plugging in the values: \[ \text{A} = 1000 \times (1 + 0.06 \times 5) = 1000 \times (1 + 0.30) = 1000 \times 1.30 = \$1,300 \] **Answer:** \$1,300