Question

Parker has $2,500 in her bank account that earns 3.8% interest annually. How much money will she have in her bank account after 4 years?

Answer 1

2880

Explanation:

2,500divide100=25x3.8=380

2500+380

Answer 2

$2,860

Explanation:

2,500 * 3.8% = 90 in interest a year

so

90 * 4 = 360 in interest

add that to what she put in

2,860