Answer:
$243.80
Step-by-step explanation:
You basically just multiply this by 1.02, then multiply the answer of that by 1.02, etc, until you did it 10 times in total. There is also the formula
P (1 + r/n)^(nt)
Where
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
