Question

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?

Answer 1

$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.