138k views
25 votes
Determine the balance on a 250 account that earns 3 percent interest over 7 years

User Stackdump
by
5.1k points

1 Answer

6 votes
250 in the account

3%x7=21%

0.21 times 250 = 52.5

250 + 52.5 = 302.5
User Sushmit Sagar
by
5.6k points