Mathematics

Question

A bank offers a 3% annual interest rate for a savings account. Hannah puts $6,000 into an account to save for college. How much will be in the account after a year?

2 Answer

  • $6,180, hope this helps you
  • To find how much money will be in Hanna's account after one year you first need to know what 3% of 6,00 is. To find what 3% of 6,00 is first we need to convert 3% to a decimal 
    3%=.03
    now we multiply .03 by 6,000 to get our percentage 
    .03*6000=180
    Now we know how much 3% of 6000 is so we add 180 to get how much will be in her account after one year 
    Answer=6,180
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