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?

Question

asked Jan 13, 2021 120k views

1 Answer

PeMa · Answer 1 · 2021-01-20T08:04:59+0000

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