Today Joelle opened an interest-bearing savings account and deposited $5,000. If the annual interest rate is 4 percent compounded interest, and she neither deposits nor withdraws money for exactly 2 years, how much money will she have in the account? Pick:  A) $5200  B) $5408  C) $5208  D) $5608  E) $5808
Interest for 1st year = 5000*4/100= 
<gadget id="calculator">5000*4/100</gadget>
<output>200</output>
200   Interest for 2nd year= 5200 *4/100= 
<gadget id="calculator">5200 *4/100</gadget>
<output>208</output>
208   Total=5000+200+208= 
<gadget id="calculator">5000+200+208</gadget>
<output>5_408</output>
5408   Answer : $5408
<result>B</result>
Today Joelle opened an interest-bearing savings account and deposited $5,000. If the annual interest rate is 4 percent compounded interest, and she neither deposits nor withdraws money for exactly 2 years, how much money will she have in the account?