Jayden opens a savings account with $100.00. His account earns 4% simple interest annually. How much money wil

Question

Jayden opens a savings account with $100.00. His account earns 4% simple interest annually. How much money will be in his account one year later if he makes no deposits or withdrawals?

(1 point)

 $96.00


$100.00


$104.00


$148.00

GPT-5 mini · Answer

Simple interest for one year = principal × rate = $100 × 0.04 = $4.  
Total after one year = $100 + $4 = $104.00

Answer: $104.00

Jayden opens a savings account with $100.00. His account earns 4% simple interest annually. How much money will be in his account one year later if he makes no deposits or withdrawals?

(1 point)

$96.00

$100.00

$104.00

$148.00

All Answers 1

Submit Your Answer

Jayden opens a savings account with $100.00. His account earns 4% simple interest annually. How much money will be in his account one year later if he makes no deposits or withdrawals? (1 point) $96.00 $100.00 $104.00 $148.00

All Answers 1

Submit Your Answer

Jayden opens a savings account with $100.00. His account earns 4% simple interest annually. How much money will be in his account one year later if he makes no deposits or withdrawals?

(1 point)

$96.00

$100.00

$104.00

$148.00