Question

Susan open an account with $100. She deposits $100.00 every year to an account that earns simple interests at a rate of 5%. If she makes no withdrawals, how much total interest has Susan's savings account earned after 5 years?

Answer 1

Answer:

$20

Step-by-step explanation:

multiply 100.00 x 5% which is 100x 0.05, then it will give you 5.

add 5, 4 more times which will give you 20