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gayaneshka [121]
3 years ago
9

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
Mathematics
1 answer:
Vikentia [17]3 years ago
5 0

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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