Question

Clare made $160 babysitting last summer. She put the money in a savings account that pays 3% interest per year. If Clare doesn't touch the money in her account, she can find the amount she'll have the next year by multiplying her current amount by 1.03

Answer 1

I believe its $5492.99

Explanation:

First I divided $160 by 3%.

Than I multiplied my answer by 1.03.

Answer 2

she'll have $164.8 because you multiply 160 by 1.03