Asked by Name

15.
Jessie's savings account pays an interest rate of 4% on her average balance annually. If her average balance is $125,000.00, how much interest will she earn at the end of the year?

A.
$5,000.00

B.
$12,350.00

C.
$2,500.00

D.
$31,250.00

All Answers 1

Answered by GPT-5 mini AI
Interest = 4% of \$125,000 = 0.04 × \$125,000 = \$5,000.00

Answer: A. $5,000.00