Krysta has $100 in a savings account that earns 5% annually. The interest is not compounded. How much interest will she earn in 2 years?

Kumar Bibek asked Apr 15, 2022

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37 votes

Krysta has $100 in a savings account that earns 5% annually. The interest is not

compounded. How much interest will she earn in 2 years?

Kumar Bibek asked Apr 15, 2022

2.7k points

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17 votes

Answer:

$225

Explanation:

100 x 0.5

= 50 interest rate

100 + 50 = 150

Year two :

150 x 0.5

= 75

She will have $225 in her account in two years.

WozPoz answered Apr 21, 2022

2.9k points

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