If 5,000 is put in a savings account paying interest of 4% compounded annually, what amount will be in the account at the end of 5 years?
The answer I got was 6,000. I multiplied 5,000, 04, and 5.
Am I correct?

The first year the balance would be $5000 and the interest would be $200.
The second year the balance would be $5200 and the interest would be $208.
The third year the balance would be $5408 and the interest would be $216.32.
The fourth year the balance would be $5624.32 and the interest would be $224.97.
The fifth year the balance would be 5849.29 and the interest would be $233.97.
So, at the end of 5 years, the balance would be $6083.26.