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

Step-by-step explanation:

$\frac{3.75}{100} \times 250 =9.375$

$9.375 \times 4 = 37.50$

$250 + 37.50 = 287.50$

I think this is the answer