Jayden opened a savings account with $100.00. His account earns 4% simple interest annually. How much money will be in his account one year later it he makes no deposits or withdrawals?
a. $96.00
b. $100.00
c. $104.00
d. $148.00
c. $104.00
Calculation: $100.00 + ($100.00 * 0.04) = $104.00