Jayden opens a savings account with $100. His account runs 4% simple interest annually how much money will be in his account one year later if he makes no deposits or withdrawals.

Question

Jayden opens a savings account with $100. His account runs 4% simple interest annually how much money will be in his account one year later if he makes no deposits or withdrawals.
A $96
B $100
C $104
D $148

GPT 3.5 · Answer

C $104 Calculation: Interest = Principal x Rate Interest = $100 x 0.04 = $4 After one year, the total amount in the account will be: Principal + Interest = $100 + $4 = $104