Question

Okay I need major help on how to work this problem out! Medal And Fan

Mr. Noonan opened up a college savings account for his daughter at a local bank. He put 8,000 in the account, which pays 5% yearly interest.

1.) How much will Mr.Noonan have earned in interest one year from now.
2.)If he leaves his money and interest in the bank for another year, how much interest will he earn for the second year.

Answer 1

@mathmale @mathstudent55

Answer 2

@SolomonZelman

Answer 3

@Luigi0210 @Michele_Laino @dan815

Answer 4

Which one do you think?