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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?
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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?

User Tiago Moutinho
by
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1 Answer

3 votes

Explanation:


(3.75)/(100) * 250 =9.375


9.375 * 4 = 37.50


250 + 37.50 = 287.50

I think this is the answer

User Josiah Choi
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