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

Answer:

$225

Step-by-step 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.