Question

Savings account with 200$ and receive 4% interest for 7 years, how much would be in the account?

Answer 1

256

Explanation:

To calculate these kinds of things, I multiply the principal (200), the interest rate (0.04) and the time (7). This results in 56. However, since the question is how much would be in the account, it would be 200+56 which is 256.