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QUESTION

If the APY of a savings account is 5.3% and if the principal in the savings account is $5100 for an entire year, what will be the balance of the savings account after all the interest is paid for the

If the APY of a savings account is 5.3% and if the principal in the savings account is $5100 for an entire year, what will be the balance of the savings account after all the interest is paid for the year?

A. $5370.30 B. $5300.00 C. $5100.00 D. $5127.03

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