Answer:
up to $338.18
Step-by-step explanation:
Use the compound amount formula:
A = P(1 + r/n)^(n*t), where r is the interest rate as a decimal fraction and n is the number of compounding periods per year.
Here, A = $300(1 + 0.04/12)^(12*3), or
A = $300(1.0033333)^*36, or
A = $300(1.127) = $338.18
Nina will be able to spend up to $338.18 on a new bike.
Well I would solve it but where's the problem?
Answer:
4
Step-by-step explanation:
Hope this helps. Please give brainliest.
