Ask Question
2 March, 11:48

You put $250 in an account that earns 4% interest per year. What is the balance of the account after 5 years?

+5
Answers (2)
  1. 2 March, 12:58
    0
    Answer:300

    Step-by-step explanation:

    Each year, the interest is 250 * 4% = 10. For 5 years, it would be 50. Thus, our balance is 250 + 50 = 300
  2. 2 March, 13:08
    0
    250 (1.04) ^5 = $304.16 after 5 years will be the balance of the account
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You put $250 in an account that earns 4% interest per year. What is the balance of the account after 5 years? ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers