Today Joelle opened an interest-bearing savings account and deposited $7,000. 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? Select the correct option:	A) $7727.50	B) $7717.50	C) $7737.50	D) $7747.50	E) $7757.50
Interest for 1st year = 7000*5/100= 
<gadget id="calculator">7000*5/100</gadget>
<output>350</output>
350   Interest for 2nd year= 7350 *5/100= 
<gadget id="calculator">7350 *5/100</gadget>
<output>735/2 = around 367.5</output>
367.50   Total=7000+350+367.50= 
<gadget id="calculator">7000+350+367.50</gadget>
<output>7_717.5</output>
7717.50   Answer : $7717.50
<result>B</result>
Today Joelle opened an interest-bearing savings account and deposited $7,000. 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?