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08-06-2021
Mathematics

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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?

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hiramgonzalez100 hiramgonzalez100

08-06-2021

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

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