Willie wants to save for a new racing bike. If he deposits $250 in a savings account at 4% simple annual interest, what will his balance be after 3 years? A. $15 B. $30 C. $265 D. $280

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asked Aug 18, 2019 183k views

5 votes

Willie wants to save for a new racing bike. If he deposits $250 in a savings account at 4% simple annual interest, what will his balance be after 3 years?

A. $15
B. $30
C. $265
D. $280

Mathematics
middle-school

TomDotTom asked

by TomDotTom

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2 Answers

4 votes

Answer:

280

Explanation:

just did the quiz and got it right

Nick Retallack answered Aug 20, 2019

by Nick Retallack

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5 votes

$250x4%=10

$10x3years=$30

$250+$30= $280

Answer- D. $280

Dhanasekar Murugesan answered Aug 24, 2019

by Dhanasekar Murugesan

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