Question

If you deposit $300 in an account and it grows by 6%

each year, how much money will be in your account
after 1 year?

Answer 1

Answer: $318

Explanation:

Since the account grow by 6% every year, we want to find 6% of 300: 300*0.06=18

Then add this to 300 to find the total amount of money in the account: 300+18=318

Answer: $318