Damien deposited $250 in an account that earned 3.75% interest compounded annually. He did not make additional deposits or withd
rawals. What will be the balance in this account at the end of 4 years? $127.26 $287.50 $289.66 $370.50
1 answer:
Answer:
$289.66
Step-by-step explanation:
A=P(1+r)^t
P=250
r= .0375
t= 4
A=250(1+.0375)^4
A= 289.66
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