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Mathematics

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Damien deposited $250 in an account that earned 3.75% interest compounded annually. He did not make additional deposits or withdrawals. What will be the balance in this account at the end of 4 years? $127.26 $287.50 $289.66 $370.50

Answer :

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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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