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## 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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Mathematics
3 years
2021-07-25T11:32:27+00:00
2021-07-25T11:32:27+00:00 2 Answers
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## Answers ( )

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..

Answer:$260

Step-by-step explanation:$250 x .01 = $2.50 x 4 years = $10

$250 + $10 = $260