Calculating compound interest Practice Test

Jessica deposits $5,000 in a savings account at 6% interest. The interest is compounded monthly. How much will she have in her savings account after 5 years?

Scott wants to invest $1000 for 1 year. At Bank A, his investment will collect 3% interest compounded daily while at Bank B, his investment will collect 3.50% interest compounded monthly. Which bank offers a better return? How much more will he receive by choosing that bank over the other?