Answer:
After 10 years, Ann will have $444.07 in her bank account.
Explanation:
This is calculated using the following formula:
A = P * (1 + r/n)^(nt)
where:
A is the final amount
P is the principal amount (initial deposit)
r is the interest rate
n is the number of times the interest is compounded per year
t is the number of years
In this case, we have:
A = $300 * (1 + 0.04/1)^(1*10)
A = $444.07
Therefore, Ann will have $444.07 in her bank account after 10 years.