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A bank offers a 1% annual interest rate for a savings account. Aaron puts $3,100 into an account to save for college. How much will be in the account after a year?

A bank offers a 1% annual interest rate for a savings account. Aaron puts $3,100 into an account to save for college. How much will be in the account after a year?
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3 votes
A bank offers a 1% annual interest rate for a savings account. Aaron puts $3,100

into an account to save for college. How much will be in the account after a year?

asked
User Mesut GUNES
by
7.4k points

1 Answer

0 votes

Answer:

$3,131

Explanation:

1% of 3,100 is 31. 3,100 + 31 = 3,131.

answered
User Fooiey
by
7.5k points
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