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2 March, 10:48

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.

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Answers (1)
  1. 2 March, 11:50
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    partA: 0.05*10000=500$ amount of interest.

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