kmatt2257 kmatt2257

12-05-2020
Mathematics

contestada

You put $250 in an account that earns 4% interest per year. What is the balance of the account after 5 years?

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AnonymousZX AnonymousZX

12-05-2020

Answer:300

Step-by-step explanation:

Each year, the interest is 250 * 4% =10. For 5 years, it would be 50. Thus, our balance is 250 + 50= 300

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meredith48034 meredith48034

12-05-2020

Answer:

250(1.04)^5= $304.16 after 5 years will be the balance of the account

Step-by-step explanation:

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