Question

Willie wants to save for a new racing bike. If he deposits $250 in a savings account at 4% simple annual interest, what will his balance be after 3 years?

A. $15
B. $30
C. $265
D. $280

Answer 1

280

Explanation:

just did the quiz and got it right

Answer 2

$250x4%=10

$10x3years=$30

$250+$30= $280

Answer- D. $280