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Determine the balance on a 250 account that earns 3 percent interest over 7 years

Determine the balance on a 250 account that earns 3 percent interest over 7 years
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25 votes
Determine the balance on a 250 account that earns 3 percent interest over 7 years

asked
User Stackdump
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8.2k points

1 Answer

6 votes
250 in the account

3%x7=21%

0.21 times 250 = 52.5

250 + 52.5 = 302.5
answered
User Sushmit Sagar
by
8.4k points
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