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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?

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?
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11 votes
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?

User Tpae
by
7.7k points

1 Answer

2 votes

Answer:

$318

Explanation:

6% x 300 = 18

300 + 18 = 318

User Shubham Azad
by
8.4k points
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