Jorge deposited $5,000 into an account that pays 3% compound annual interest. If
no additional deposits or withdrawals are
made, which of the following is closest to
total amount of interest Jorge's account will
earn at the end of 4 years?
A $600.00 C $627.54
B $624.32 D $652.38

$600.00

Step-by-step explanation:

To find the answer we must first divide 3 by 100 to find its actual worth,        3 ÷ 100 = 0.03.  Take 0.03 and multiply it by 5,000, and you get 150.  Now we have the annual interest in a year, so lets multiply it by 4 years, and we get $600.

21

step-by-step explanation: