What is the balance in an account where $250 was deposited at 1% interest after 4 years?​

Question

What is the balance in an account where $250 was deposited at 1% interest after 4 years?​

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Thành Công 3 years 2021-07-25T11:32:27+00:00 2 Answers 7 views 0

Answers ( )

  1. thienthanh
    0
    2021-07-25T11:34:23+00:00
    Reply

    Answer:

    S.I=P*R*T/100

    S.I=250*1*4/100

    S.I=10

    AMOUNT=P+S.I

    AMOUNT=250+10

    AMOUNT=260

    THEREFORE,BALANCE IN ACCOUNT =$260

    Step-by-step explanation:

    SEE IMAGE FOR CALCULATION..

  2. Delwyn
    0
    2021-07-25T11:34:24+00:00
    Reply

    Answer:

    $260

    Step-by-step explanation:

    $250 x .01 = $2.50 x 4 years = $10

    $250 + $10 = $260

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