Question

Ana deposits $1,500 in a savings account that earns 4% interest annually. Which of the following equations models the amount of money,A, she’ll have in 5 years?
A. A=1,500(0.96)^5

B. A=1,500(1.04)^5

C. A=1,500(1.4)^5

D. A=1,500(0.04)^5

Answer 1

Answer:

B is the correct answer A=1500(1.04)^5

Answer 2

The answer is going to be B: A=1,500(1.04)^5