Mathematics

Haiden Houston

26 January, 11:21

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