Question

Julia received a bonus check from her work for $6,000. She is going to deposit the money into her bank account that receives 5% compounded annually.
The amount of interest earned after year 1 is what.

Answer 1

Answer:

5% of $6000 = 0.05*6000

Answer 2

Answer:

6300

Step-by-step explanation:

5% is 1.05

6000*1.05 is 6309