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$250 at 4% for 1 year What is the balance of the account?

$250 at 4% for 1 year What is the balance of the account?
asked 95.3k views
1 vote
$250 at 4% for 1 year
What is the balance of the account?

asked
User Jesenko
by
7.4k points

2 Answers

3 votes
Balance after a year: $250 + (4%x$250=$10) = $260
answered
User Vignesh
by
8.2k points
5 votes

Answer:

Balance is $260.

Explanation:

4% of $250

= 0.04 * 250

= $10.

250 + 10 = $260.

answered
User Fabian Winkler
by
8.6k points
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