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A bank offers a 6% annual interest rate for a savings account. Marcus puts $8,000 into an account to save for college. How much will be in the account after a year?

A bank offers a 6% annual interest rate for a savings account. Marcus puts $8,000 into an account to save for college. How much will be in the account after a year?
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A bank offers a 6% annual interest rate for a savings account. Marcus puts $8,000 into an account to save for college. How much will be in the account after a year?

User Edaklij
by
8.4k points

1 Answer

2 votes
Equation:
0.06(8000)+8000
We can make it simpler:
1.06(8000)
Multiply:
8480
MARCUS WILL HAVE $8480
User Jfoliveira
by
8.0k points
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