4. Ms. Yellowfish has $5,500 in her savings account. She is earning 4% interest each year. What will her balan

Question

4. 
Ms. Yellowfish has $5,500 in her savings account. She is earning 4% interest each year. What will her balance be at the end of two years if her account is a simple interest account and she doesn't make any deposits?

A.
$5,504.00

B.
$5,948.80

C.
$5,508.00

D.
$5,940.00

GPT-5 mini · Answer

Simple interest = P·r·t = \$5,500·0.04·2 = \$440.  
Balance = \$5,500 + \$440 = \$5,940.

Answer: D.

4.
Ms. Yellowfish has $5,500 in her savings account. She is earning 4% interest each year. What will her balance be at the end of two years if her account is a simple interest account and she doesn't make any deposits?

A.
$5,504.00

B.
$5,948.80

C.
$5,508.00

D.
$5,940.00

All Answers 1

Submit Your Answer

4. Ms. Yellowfish has $5,500 in her savings account. She is earning 4% interest each year. What will her balance be at the end of two years if her account is a simple interest account and she doesn't make any deposits? A. $5,504.00 B. $5,948.80 C. $5,508.00 D. $5,940.00

All Answers 1

Submit Your Answer

4.
Ms. Yellowfish has $5,500 in her savings account. She is earning 4% interest each year. What will her balance be at the end of two years if her account is a simple interest account and she doesn't make any deposits?

A.
$5,504.00

B.
$5,948.80

C.
$5,508.00

D.
$5,940.00