Question

A first year student deposits $250 into a savings account at the Owl Credit Union at Dundalk High School paying an annual interest rate of
2%. If the money remains untouched until graduation, how much money will they have in 4 years? Round your answer to the nearest cent
or dollar and enter the amount in the space below.
Amount in 4 years: S

Answer 1

250 + 4 (4x250) = 500