Question

Please disregard what I have written as it may not be right

Answer 1

Step-by-step explanation

Question 6

We are asked to find the bank balance if the account starts with $250 and an annual rate of 4%

after 2 years

To get the answer, we will use the formula:

`\begin{gathered} A=P(1+r)^n \\ where \\ P=250 \\ r=4\text{\%=0.04} \\ n=2 \end{gathered}`
`\begin{gathered} A=250(1+0.04)^2 \\ A=250(1.04)^2 \\ A=250*1.0816 \\ A=270.4 \end{gathered}`

Therefore, the balance will be $270.4