Answer:
$300
Step-by-step explanation:
the first step is to work out how much 1% is. to do this divide the total by 100
250 ÷ 100 = 2.5 (= 1%)
Now, as person gains 4% every year, multiply 2.5 by 4
2.5 x 4 = 10 (how much they gain each year)
as we are trying to work out how much after 5 years, multiply 1 years amount by 5
10 x 5 = 50 (how much they will gain after 5 years)
$250 + $50
= $300
I hope this helped :-)
