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A savings account earns 8% interest each year? If my initial deposit is $300, How much will I have at the end of 1 year?
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A savings account earns 8% interest each year? If my initial deposit is $300, How much will I have at the end of 1 year?

User Shohei
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1 Answer

3 votes

Answer:

$324

Explanation:

it earn 8% interest each year how much at the end of year 1,

to calculate this you multiply 300 by 108% = 300 x 1.08 = 324

User PeMa
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