Jayden opens a savings account with $100.00. His account earns 4% simple interest annually. How much money will be in his account one year later if he makes no deposits or withdrawals?
A.
$96.00
B.
$100.00
C.
$104.00
D.
$148.00
C. $104.00
After one year, the interest earned on the account would be $4.00 (4% of $100). Adding the interest to the original amount in the account, Jayden would have $104.00 in total.