Question

Tim was given $100 for his twelfth birthday. He's curious to see how much it will grow to if he earns interest on it. His mother tells him that she has about $3,000 in the same kind of account and she earned $60 last year. About how much interest could Tim expect to eam in a year?​

Answer 1

$102

Explanation:

3000 x Y = 3060

3060/300 = Y

Y = 1.02

100 x 1.02 = $102

Hope this helps!!