In this question, you will be asked to represent a word problem in mathematical terms. You will only have to enter your final answer into WebAssign, but you should keep hold of the paper that shows your intermediate calculations.

Suppose that you deposit $5000$ dollars in a savings account, on which the bank pays $6$ percent interest each year. $($A more precise way of saying this is $6$ percent interest, compounded annually.$)$ Just before the end of each year, you make an additional deposit of $50$ dollars.

Write down a word equation that can be used to calculate the balance of the account at the end of the year in terms of the balance at the start of the year.