Question

Christina opened a savings account and deposited $200 as principal. the account earns 6% interest, compounded annually. What is the balance after 6 years?

Answer 1

Answer:After 6 years the balance is 283.70

Step-by-step explanation:

Answer 2

6%/100 = 0.06

$200*0.06 = $12

6years* $12 = $72

200+72= 272