Mr. Elk is secretly a huge fan of Billie Eilish, and is saving up for front row seats. He puts $250

Mr. Elk is secretly a huge fan of Billie Eilish, and is saving up for front row seats. He puts $250 in the bank that has an interest rate of 8% compounded daily. After 4 years, Billie is finally hitting up NJ on her tour. How much money does Mr. Elk have in the bank? (rounded to the nearest cent) *

4 years = 365*4 days
4 years = 1,460 days.

Using this number of compounding periods, we plug this into our compound interest calculator to get:
$344.27