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What is the balance in an account where $250 was deposited at 1% interest after 4 years?​

What is the balance in an account where $250 was deposited at 1% interest after 4 years?​
asked 152k views
3 votes
What is the balance in an account where $250 was deposited at 1% interest after 4 years?​

asked
User Mathieu Hausherr
by
8.6k points

1 Answer

5 votes

Answer:

$260

Explanation:

$250 x .01 = $2.50 x 4 years = $10

$250 + $10 = $260

answered
User Kamil Svoboda
by
8.4k points
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