Question: Using compounding, how much interest will be earned in the second year of a savings account that has an original balance of $100 and earns

Using compounding, how much interest will be earned in the second year of a savings account that has an original balance of $100 and earns 5 percent interest per year? Multiple choice question. $5.00 $6.25 $6.00 $5.25

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Using compounding, how much interest will be earned in the second year of a saving account that has an original balance of $200 and earns 6% interest /year?

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