Question

Ann puts $300 in a bank account earning 4%
interest. How much will she earn in interest in 1 year?

Answer 1

Is the interest monthly or yearly?

Answer 2

Also welcome to QuestionCove cx

Answer 3

thanks
it does not say

Answer 4

Well if the interest was yearly you just have to find 4% of 300 then add it to 300.

Answer 5

So 300*.04=12 so since 12 is 4% of 300 just add them together 300+12 to get 312

Answer 6

If it was monthly it would be more difficult though