Today Joelle opened an interest-bearing savings account and deposited $5,000. 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?	Answers.
A) $6512.50
B) $7512.50
C) $5512.50
D) $4512.50
E) $5250.00
Interest for 1st year = 5000*5/100= 
<gadget id="calculator">5000*5/100</gadget>
<output>250</output>
250   Interest for 2nd year= 5250 *5/100= 
<gadget id="calculator">5250 *5/100</gadget>
<output>525/2 = around 262.5</output>
262.50   Total=5000+250+262.50= 
<gadget id="calculator">5000+250+262.50</gadget>
<output>5_512.5</output>
5512.50   Answer : $5512.50
<result>C</result>
Today Joelle opened an interest-bearing savings account and deposited $5,000. 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?