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14 August, 17:28

Suppose you deposit $250 in a new savings account paying an annual yield of 3% interest. If the account is left alone how much money will be in the account at the end of 5 years?

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  1. 14 August, 20:18
    0
    I think

    $287.5

    Step-by-step explanation:

    3% = 0.03

    250*0.03 = 7.5

    7.5*5 (years) = 37.5

    37.5+250 = 287.5
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