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22 May, 22:18

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.

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Answers (2)
  1. 23 May, 01:10
    0
    5% of $6000 = 0.05*6000
  2. 23 May, 01:15
    0
    6300

    Step-by-step explanation:

    5% is 1.05

    6000*1.05 is 6309
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