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HELP




Sue deposits $1000 in a bank account that earns 5% interest, compounded once per year.
How much interest will Sue earn in 2 years?
A. $50.00
B. $52.50
C. $100.00
D. $102.50

Respuesta :

1000 divided by 100 is 10. 10 x 5 is 50. After the first year, Sue has 1050. But compound interest is interest on the amount AFTER the amount is added, so she will now earn interest on 1050. 1050 / 100 is 10.5. 10.5 x 52.50.
52.50 + 50 = 102.50. The answer is D. Hope this helps :)
djjd3114
D because 5% of 1000 is 50 and 50+1000= 1050 and then 5% of 1050 is 52.5 and 1050+52.5=1102.5.

And then you minus the # that you started with sooo:
1102.5-1000=102.5

102.5 is your answer
Hope this helped and brainliest if possible

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