Answer:
$206
Step-by-step explanation:
The amount that would be in the account = amount deposited + interest earned on deposit
interest earned on deposit can be determined by determining the simple interest
Simple interest = principal x time x interest rate
principal = the amount deposited = $200
Time = the duration of the deposit = 1 year
interest rate = the percentage on deposit that would be earned = 3%
200 x 0.03 x 1 = $6
The amount that would be in the account = $200 + $6 = $206
