Answer:
1 year
Step-by-step explanation:
the interest rate is 4%, so now we find what the interest rate is in one year first.
[tex]\frac{250}{100}[/tex]=[tex]\frac{?}{4}[/tex]
cross multiply
240 × 4 = 1000
then divide by 100 and you will get 10
and ten is the interest earned in one year.
hope it helps!
