Question

PLEASE HELP :)

Let's say $250 is deposited into a bank account. The money earns $5.00 interest in 1 year. What is the balance in the account after 1 year?

Answer 1

$255.00

Explanation:

There will be two hundred fifty-five dollars in the account. The balance equals the principal plus the interest.

Answer 2

$255.00

Explanation:

If you deposit $250 for only a year, and the interest per year is $5 dollars, then you would add $250+$5, getting $255.