SOLUTION: Justine received a bonus check from her work for $6,000. She is going to deposit the money into her bank account that receives 5% compounded annually. The amount of interest earned

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Question 1041562: Justine received a bonus check from her work for $6,000. She is going to deposit the money into her bank account that receives 5% compounded annually. The amount of interest earned after year 1 is:

Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
5% of $6000 = 0.05*6000