What is the yearly amount of $3,000 with 8% compounded annually for a year

If you would like to solve 8% of $3,000, you can do this using the following steps:

8% * $3,000 = 8% * 3,000 = 8/100 * 3,000 = 8 * 30 = $240

The correct result would be $240.

Iam not sure , but probably 750 or 7.5