Matteo plans to deposit some of his savings in a savings account. The account will pay 3% interest per year. His grandmother tells him she will pay an additional 3% to the account if Matteo keeps the money in the bank for the entire year. Let d represent the amount of Matteo's deposit.
Which expressions can he use to calculate the amount of money he will have after one year?
Select each correct answer:
1. d+0.03d+0.03d
2. 0.94d
3. d+0.06d
4. 1.06d
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Home » Mathematics » Matteo plans to deposit some of his savings in a savings account. The account will pay 3% interest per year. His grandmother tells him she will pay an additional 3% to the account if Matteo keeps the money in the bank for the entire year.