Question

Damien deposited $250 in an account that earned 3.75% interest compounded annually.He did not make additional withdraws or deposits .what will the balance in his account be at the end of 4 years?

Answer 1

Explanation:

`(3.75)/(100) * 250 =9.375`

`9.375 * 4 = 37.50`

`250 + 37.50 = 287.50`

I think this is the answer