3 years ago

Massimo has $57 in his savings account. Every time he rides the bus he spends $3. Write an equation that Massimo

Mathematics

1 answer:

forsale [732]3 years ago

4 0

Step-by-step explanation:

I think is 19 because it say that he spends

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Principal: 300

marishachu [46]

Answer:

Step-by-step explanation:

HI there!

From the question;

Principal (p) = 300

Annual rate (r) = 3%

Time (t) = 4 yrs

Now;

Interest (I) = $\frac{p*t*r}{100}$

I = $\frac{300*4*3}{100}$

I = $\frac{3600}{100}$

Therefore the interest earned is 36.

Again;

New balance (A) = principal + interest

= 300+36

Therefore, the new balance is 336.

Hope it helps!

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