Today Joelle opened an interest-bearing savings account and deposited $6,000. 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 one:
A) $6715  B) $5615  C) $6415  D) $6615  E) $6315
Interest for 1st year = 6000*5/100= 
<gadget id="calculator">6000*5/100</gadget>
<output>300</output>
300   Interest for 2nd year= 6300 *5/100= 
<gadget id="calculator">6300 *5/100</gadget>
<output>315</output>
315   Total=6000+300+315= 
<gadget id="calculator">6000+300+315</gadget>
<output>6_615</output>
6615   Answer : $6615
<result>D</result>
Today Joelle opened an interest-bearing savings account and deposited $6,000. 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?