Question

A teacher deposits $3,000 in a retirement fund. If she doesn't add any more money to the fund, which earns an annual interest rate of 6%, how much money would she have in 1 year?

Answer 1

Okay, let me explain:
Take 6% of 3000 and add it to 3000. So basically turn the 6% into a decimal which would be 0.06, and multiply the 3000 by it. So, 3000 x 0.06 which equals 3,180. I hope this time it helped :) message me if you need further instructions.