picktigers4978 picktigers4978

19-03-2020
Mathematics

contestada

Suppose you deposit $250 in a new savings account paying an annual yield of 3% interest. If the account is left alone how much money will be in the account at the end of 5 years?

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kaoibaeirb kaoibaeirb

19-03-2020

Answer:

I think

$287.5

Step-by-step explanation:

3% = 0.03

250×0.03 = 7.5

7.5×5 (years) = 37.5

37.5+250 = 287.5

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