Today Joelle opened an interest-bearing savings account and deposited $10,000. If the annual interest rate is 5 percent compounded interest, and she neither deposits nor withdraws money for exactly 2 years, how much money will she have in the account? Choose the correct answer.
A) $12025 B) $11075 C) $11025 D) $11095 E) $11015
Interest for 1st year =10000*5/100= 
<gadget id="calculator">10000*5/100</gadget>
<output>500</output>
500   Interest for 2nd year= 10500 *5/100= 
<gadget id="calculator">10500 *5/100</gadget>
<output>525</output>
525   Total=10000+500+525= 
<gadget id="calculator">10000+500+525</gadget>
<output>11_025</output>
11025   Answer : $11025
<result>C</result>
Today Joelle opened an interest-bearing savings account and deposited $10,000. If the annual interest rate is 5 percent compounded interest, and she neither deposits nor withdraws money for exactly 2 years, how much money will she have in the account?