A teacher deposited 3000 in a retirement fund If she add any more money to the which earns an annual interest rate of 6 percent how much would have 1 year?

To calculate how much money the teacher would have after 1 year if she adds an additional amount to the retirement fund, we need to consider the interest earned on the initial deposit as well as the interest on the additional amount.

1. Interest on Initial Deposit: The initial deposit of $3000 will earn interest for the entire year. The annual interest rate is 6%, so the interest earned on the initial deposit after 1 year is:

Interest on Initial Deposit = Principal x Interest Rate x Time

= $3000 x 6% x 1

= $180

2. Calculating the Total Amount: If the teacher adds an additional amount , the total amount in the retirement fund after 1 year will be the sum of the initial deposit, the interest earned on the initial deposit, and the additional amount deposited.

Total Amount = Initial Deposit + Interest on Initial Deposit + Additional Amount

= $3000 + $180 +

= $3180

Therefore, if the teacher adds to her retirement fund earning 6% annual interest, she will have $3180 after 1 year.