Question

Stephanie has $4,500 in

her savings account. If it
earns 6% interest every
month how much
money does Stephanie
have in her bank
account after three
months?
7.EE.3

Answer 1

5310

Explanation:

She gets 270 extra every month and if you multiply that by 3 then you add that number onto 4500 then you get 5310

Answer 2

5359.57

Explanation:

4500x1.06^3=5359.57

it is ^3 because it is after three months