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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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8 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 FrioneL
by
8.0k points

1 Answer

9 votes

Answer:

318

Explanation:

300 + (300 * 6%) = Answer

300 + (300 * 0.06) = 318

User Jupenur
by
8.7k points
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