Question

Diana has $10,000 in a savings account that earns interest annually at the rate of 5%.

Part A: Calculate how much money in interest she will earn in 1 year.

Part B: Determine the total amount of money will be in the account at the end of that year.

Show your work for all parts.

Answer 1

partA: 0.05*10000=500$ amount of interest.

partB: 10000+500=10500$ the total amount after 1 year.