Answer:
$1,788.14
Explanation:
The applicable formula A= P ( 1+ r)^2
Where A is the amount after 8 years
P = principal amount: $300
r = interest rate: 25% or 0.25
n =number of period :8
A= $300 x ( 1+ 0.25) ^ 8
A=$300 x 5.9604644
A= $1,788.139
A=$1,788.14
Amount after 8 years =$1,788.14
