Answer:
$241000
Step-by-step explanation:
Use the formula I = Prt
I is interest (what you need to find first), P is principal (200,000), r is rate (4.1%), and t is time (5)
First convert the rate of 4.1% to a decimal by moving the decimal two places left.
4.1% = 0.041
Next plugin the numbers into the formula and multiply to find the interest.
I = 200000(0.041)(5)
I = 41,000
Finally you need to find the balance. To find the balance, add the interest to the principal.
B = 200000 + 41000
B = 241000
