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Naya [18.7K]
2 years ago
5

Principal: 300

Mathematics
1 answer:
marishachu [46]2 years ago
8 0

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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