Damien deposited $250 in an account that earned 3.75% interest compounded annually.He did not make additional withdraws or deposits .what will the balance in his account be at the end of 4 years?

Respuesta :

Step-by-step explanation:

[tex] \frac{3.75}{100} \times 250 =9.375[/tex]

[tex]9.375 \times 4 = 37.50[/tex]

[tex]250 + 37.50 = 287.50[/tex]

I think this is the answer